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News release

ST. LOUIS, MO

JLL Brokers Three New Leases at the NewGround Building in Chesterfield, MO

First Floor of Building Now Fully Leased


ST. LOUIS, MO, JUNE 12, 2014 - JLL announced today that three tenants have signed new leases at the NewGround Building, the Class A office building located at 15450 South Outer Forty Road in Chesterfield, MO. The first floor of the three-story building is now fully leased.

JLL Executive Vice President David Steinbach and Vice President David Biales represented the building owner, Chesterfield 15450, LLC, in all three lease transactions, which have elevated occupancy in the asset to 86.3 percent.

Minnesota-based TCF Equipment Finance, an indirect subsidiary of TCF Financial Corporation that provides equipment financing for businesses, vendors and manufacturers, has signed a lease for 5,303 square feet on the building's first floor.

Hospice care provider Crossroads Hospice has also signed a lease for space on the building's first floor, taking 9,568 square feet in a transaction.

These two leases follow Hochschild Bloom & Company's 9,388 square foot transaction from late last year. The accounting firm is one of the largest in the Greater St. Louis Metropolitan area.
The NewGround Building is a 104,000 square foot property that is immediately accessible from Highway 40/64 via Chesterfield Parkway, offering close proximity to restaurants and shopping. The building features a three-story atrium with high-end finishes, abundant parking and storage space, and excellent highway visibility.

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.