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News release

SANTA FE SPRINGS, CA

JLL Completes Sale of Two Industrial Buildings in Santa Fe Springs, Calif. for $14M

Deals represent first newly constructed industrial building sales in Los Angeles County in 2014


SANTA FE SPRINGS, CALIF., April 17, 2014 – JLL represented Western Realco in the sale of two newly constructed industrial buildings totalling approximately 96,464 square feet to two different buyers for $14 million.  The sales represent the first industrial sales of newly constructed buildings in Los Angeles County in 2014.

Rockman Company USA acquired a 52,032-square-foot industrial building located at 12011 Smith Avenue.  Additionally, D & L CA Holdings, LLC acquired a 44,432 industrial building located at 12039 Smith Avenue.

JLL Orange County team members Luke McDaniel and Cameron Driscoll represented the seller.

"The Mid-Counties industrial market continues to enjoy increasing sale prices as demand continues to be robust and the supply of available buildings has dwindled, said McDaniel  "There is no doubt that we are definitely in a seller's market today."

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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.