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SEATTLE, WA, Dec. 23, 2013 – Jones Lang LaSalle (JLL) today announced its Capital Markets experts in Seattle have completed the sale of The Creeksides at Centerpoint, a 218,585 square foot institutional quality office complex at 20415-20435 72nd Avenue in Kent, WA. The buyer is an investment fund sponsored by Unico.
Managing Directors Lori Hill and Stuart Williams represented the seller.
Completed in 1985 and renovated throughout in 2001, The Creeksides at Centerpoint is one of the premier office properties in Seattle’s Southend market. The property features three, four-story buildings surrounding a central pond with extensive landscaping.
The Seattle market generally remains a Top 10 market nationally for office investment, according to JLL research. Kent is home to numerous major corporations including outdoor equipment manufacturer REI, Starbucks’ Tazo Tea subsidiary, and waterjet maker Flow International. It is also home to one of Starbucks’ four U.S. roasting plants and a major plant operated by Boeing.
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.
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About Jones Lang LaSalleJones 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.
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