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News release

ATLANTA, GA

Jones Lang LaSalle Brokers the Sale of Shipyard Plaza in Pascagoula, Mississippi


ATLANTA, Dec. 9, 2013 — Jones Lang LaSalle announced today it has closed the sale of Shipyard Plaza on behalf of Equity One. Atlanta-based, RCG Ventures purchased the 66,857 square foot shopping center that is shadow anchored by Wal-mart Supercenter and anchored by Big Lots. The property is strategically located on more than eight acres along Highway 90/Denny Ave., the primary thoroughfare in Pascagoula, Mississippi.

Managing Directors Kris Cooper and Margaret Caldwell led the Jones Lang LaSalle Retail Investment Sales team on this transaction.

“The sale of Shipyard Plaza demonstrates the market’s demand for shopping centers that have strong anchors, in well-trafficked mainstream locations within tertiary markets,” commented Cooper.

Jones Lang LaSalle’s Retail Group is a full-service provider of retail services nationwide. The firm offers a wide array of services to its clients, including brokerage services for landlords and tenants, property management, financial reporting, tenant coordination, specialty leasing, marketing, research, development and receivership services. During the last two years, Jones Lang LaSalle’s Retail Group has added more than 50 retail brokerage experts in major markets including Atlanta, Boston, Charlotte, Chicago, Dallas, Florida, Hawaii, New York, Seattle and Southern California. During the first half 2013, the group added more than 60 new assignments and more than 30 retail clients to its network across the United States.    

For more information on the Retail platform, visit www.jllretail.com. For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page. Bookmark it here: http://bit.ly/14hRbTl

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.