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News release

PORTLAND, OR

JLL Portland Industrial Team Hired to Lease Yeon Business Center

Westside industrial property sits within region’s premiere heavy industrial and manufacturing district


PORTLAND, April 4, 2014 – With industrial property continuing to enjoy improving fundamentals in the westside Portland market, JLL (NYSE: JLL) announced it has been selected to lease the five-building Yeon Business Center at 3250 NW Yeon Avenue in the Guilds Lake area.   The listing team is Tyler Sheils, Sean McCarthy and Kevin Kriesien.

The 215,370 square foot property was recently acquired by IndCor Properties, a leading owner and manager of warehouse and logistics real estate with properties in 24 states.  

“With the purchase of this well-located industrial park, IndCor is expanding its footprint in Portland’s industrial market. This property provides a superior close-in location for industrial users that value proximity to downtown as well as great freeway access,” said Tyler Sheils, Vice President, JLL.

Yeon Business Center benefits from an excellent close-in location in the third largest Westside industrial submarket, which boasts superior access to major arterials and is just three miles from Portland’s central business district. The Guilds Lake submarket is one of the premiere heavy industrial districts in the area, and includes a broad range of industrial and manufacturing warehouses and businesses.

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About JLL
JLL (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 $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.​