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News release

PALM BEACH, FL

Out with the Old, in with the New: DMD Restaurant Group, LLC Bringing Twin Peaks Restaurant to Palm Beach


PALM BEACH, Fla., Sept. 3, 2014 — On behalf of DMD Restaurant Group, LLC., JLL’s retail experts today announced the firm has closed the sale of the former Carraba’s Restaurant, located at 2224 Palm Beach Lakes, West Palm Beach, Florida. DMD Restaurant Group, LLC. plans to demolish the 1.7 acre site and construct a new free-standing, 8,500-square-foot Twin Peaks restaurant with a 2,000-square-foot patio.

Vice President Scott M. Sheron led the JLL team on this transaction.
Fred Burgess, Principal of DMD Restaurant Group, LLC. said, “We are very excited about this site, on which we will build our first Twin Peaks restaurant in Palm Beach County. The I-95 and Palm Beach Lakes corridor has experienced significant retail growth, and we expect plenty of demand for our unique food and beverage concept.”

JLL’s Retail Group serves as the industry’s leader in retail real estate services. The firm’s more than 800 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 90 retail brokerage experts spanning more than 25 major markets, representing more than 440 retail clients. As the largest third party retail property manager in the United States, JLL’s retail portfolio has 350 centers, totaling 67 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 further information, 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 fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.