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News release

ATLANTA, GA

JLL Retail Brokers the Sale of Hitchcock Plaza in Aiken, South Carolina


ATLANTA, April 28, 2014 — JLL announced today it has closed the sale of Hitchcock Plaza on behalf of Hendon Properties to Illinois based Inland Real Estate Group. The 252,097 square foot retail center was purchased for $28.9 million. Hitchcock Plaza is anchored by Ross Dress for Less, TJMaxx, Bed Bath and Beyond, Old Navy and Academy Sports.

Leading the JLL retail investment sales team on this transaction were Managing Directors Margaret Caldwell and Kris Cooper.

“Hitchcock Plaza is an extremely well leased shopping center sitting in the center of the retail corridor that will continue to perform stronger over time given the surrounding demographics and lack of competition in Aiken,” commented Caldwell.

Hitchcock Plaza is strategically located along Fabian Drive and Silver Bluff Road in the heart of Aiken’s primary retail corridor.

JLL’s Retail Group serves as the industry’s leader in retail real estate services. The firm’s more than 850 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 80 retail brokerage experts spanning 20 major markets, representing more than 100 retail clients. As the largest third party retail property manager in the United States, JLL’s retail portfolio has 305 centers, totaling 65.7 million square feet under management in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects.

For more news, videos and research from JLL’s Retail Group, please visit: www.jllretail.com

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.