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News release

INDIANAPOLIS, IN

Liquidity Services Inc. Renews 187,700 SF Lease in Plainfield, IN

JLL Represents Both Tenant and Building Owner in Transaction


INDIANAPOLIS, IN, MAY 13, 2014 - JLL announced that Liquidity Services Inc., a leading online provider of marketplaces for surplus goods, has signed a lease extension for 187,700 square feet of distribution center space at 1399 Perry Road in Plainfield, IN.

JLL Executive Vice President Jake Sturman, SIOR, and Senior Vice President Chip Barnes, SIOR, from JLL's Indianapolis, IN office, represented building owner Pinchal & Company in this lease transaction. Senior Vice President Matt Dickerson, SIOR, CCIM, from JLL’s Indianapolis IN office, along with Chris Bynum, a Managing Director in JLL's Washington, D.C. office, represented Liquidity Services.

"This location is ideal for the tenant, as it offers access to nearly 75 percent of all businesses in the United States within one-day's truck drive,” Sturman said.

"With this lease extension, Liquidity Services continues to show its commitment to the Midwest and, in particular, the Indianapolis distribution market," Matt Dickerson added. 

Built in 2006, 1399 Perry Road in Plainfield, IN is a 241,824 square foot multi-tenant facility on 11.5 acres located about two miles from the Indianapolis International Airport. The precast structure features 28 dock doors, 4 drive-in doors and 32-foot clear ceiling heights. The building is one mile from the I-70 interchange, which provides quick access to I-465.

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.