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News release

DALLAS, TX

Former Navistar Manufacturing Facility Ready for Multitenant Occupancy

JLL Closes Sale of 681,354-Square-Foot Warehouse Building in Garland, Texas


DALLAS, Nov 18, 2014 – JLL today announced that on behalf of Dollar-Flowers Realty Partners the firm has closed the sale of the former 681,354-square-foot Navistar International Corp. warehouse and manufacturing facility situated on 50 acres, located at 4030 Forest Lane in Garland, Texas.  Terms of the sale were not disclosed, however, it was reported as one of the most significant, in-fill site dispositions in Dallas within past three years.

Managing Directors Terry Darrow and Daniel McGillicuddy, and Executive Vice President Larry McCorkle led the JLL team on the transaction. 

“The DFW industrial market continues to see a strong level of healthy demand, which is why our team opted to demise the property and create a new multitenant option at a prime in-fill location,” said Dollar-Flowers Partner Pete Flowers.

The property offers companies an opportunity to lease space in a desirable area with unique features including, heavy power, modern lighting, frontage along Forest Lane and approximately 35 acres of concrete paving.

Navistar first began manufacturing commercial trucks and buses at the Garland location in 1997.  Since closing in 2013, the facility has remained vacant.

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 Dollar-Flowers Realty Partners
Dollar-Flowers Realty Partners seeks to provide its equity partners with superior returns through strategic investments in value-add real estate transactions in Dallas/Fort Worth and Texas, realizing enhanced gains through deliberate implementation of value enhancements and timely disposition of real estate investments.

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 $53.0 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.