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News release

PORTLAND, OR

JLL Wins Tigard Property Management Assignment

Fully-Leased, Class A office campus is located in one of country’s strongest performing office markets


PORTLAND, May 2, 2014 – Even in office markets with the strongest fundamentals, investors continue to seek best-in-class property management services to enhance tenant relationships and position properties for future market conditions.  JLL (NYSE:  JLL) property management experts have been awarded the property management assignment for Tigard Corporate Center, located at 12123 SW 69th Avenue in Tigard, Oregon.

“This is a high quality office building fully leased to a valued credit tenant and we expect to enhance the experience of both tenant and owner by providing high quality property management services,” said Jodi Prentice, Senior Vice President, JLL and leader of the property management team.

Built in 2000, Tigard Corporate Center consists of three buildings totalling 123,210 square feet and an 114,487SF parking structure.  The entire property is currently leased on a triple net basis to Capital One, NA.

Tigard Corporate Center is located on the I-5 South Corridor, which has seen dramatic improvement in the past year. Portland’s overall office market has been one of the top performers in the country, ranking among the top five markets in the country at the close of 2nd quarter of 2013 with office market vacancy dropping to 11.4 percent, the 2nd lowest in the nation behind only San Francisco. No new construction has been delivered in recent years and there are currently no options for tenants seeking over 120,000 square feet of contiguous space.

JLL manages more than 17.7MSF of property throughout the Pacific Northwest and 175MSF nationwide.  The firm’s property management experts focus on enhancing value by finding practical ways of reducing operating expenses, mitigating risk at the property level, increasing tenant retention, enhancing sustainability and providing accurate and timely financial reporting.   

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv

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 fee revenue of $4 billion, JLL has more than 200 corporate offices and 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 $48.0 billion of real estate assets under management. For further information, visit www.jll.com.