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News release

HAMPTON ROADS, VA

JLL Awarded 870,000 SF International Industrial Center Assignment

Mid-Atlantic Region's Largest High-Quality Industrial Complex Comes to Market


HAMPTON ROADS, VA, JULY 9, 2014 -- JLL announced today that its Hampton Roads office has won the assignment to sell or lease The International Industrial Center (The IIC), an 870,000-square-foot building on a 62-acre campus in the Oceana West Industrial Park.

Senior Vice President Deborah Stearns, Associate Director Gregg Christoffersen and Managing Director Mark Levy will manage this assignment for JLL.

"There are no other properties in the Mid-Atlantic Region offering this size and quality for immediate occupancy," said Stearns. “The IIC is truly ‘One of One.’”

Located at 2600 International Parkway in the City of Virginia Beach, part of the Hampton Roads region of Virginia, The IIC is positioned for an end-user seeking scale for its manufacturing, distribution and office requirements at one site. Gregg Christoffersen noted, “We are pleased to bring the JLL platform to support the marketing of this exceptional property.”

The building offers 676,000 +/- square feet of high bay warehouse and manufacturing space and 100,000 +/- square feet of mezzanine area. The IIC contains 95,000 +/- square feet of attached Class A office space, and features 60 dock doors with levellers, three oversized drive-in doors, 1,100 standard parking spaces and approximately 50 trailer parking spaces.

Located within 1.5 miles of the I-264 Interchange at London Bridge Road, quick interstate access to the Ports of Virginia, Norfolk International Airport and Interstate 64 is a significant feature. The IIC is eligible for Foreign Trade Zone (FTZ) status and other state, city and port-related incentives depending on the user and capital investment.

"With the expansion of the port and vacancy in the market's Class A industrial product now down to 5.7 percent, we anticipate strong tenant reaction to this space availability," added Levy.

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. JLL is the brand name of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.