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News release

MIAMI, FL

JLL Represents IndCor Properties in 324,000SF Industrial Lease in Broward County 

The renewal and expansion deal represents the largest industrial lease transaction to close in 2015


MIAMI, January 26, 2015 – JLL (NYSE:JLL) has completed a 324,000-square-foot lease transaction with existing tenant, Floor and Decor Outlets of America, Inc. at Countyline Business Center in Miramar, Florida, representing the largest industrial lease signed in South Florida so far this year.

JLL’s Managing Director Steven Medwin SIOR, CCIM, Nick Wigoda, Senior Vice President, and Matt Maciag, Associate, completed the transaction on behalf of the property’s owner, IndCor Properties, which owns and operates a platform of premier industrial properties in key logistics markets. The tenant was represented by CBRE. 

Located in the southwest Broward industrial submarket, the class A property consists of 545,000 square feet of warehouse, light manufacturing, and office space. The deal represents a renewal of 183,000 square feet and an expansion of an additional 140,000 square feet within the building. 

 “Our JLL team worked closely with IndCor Properties and Floor & Decor to accommodate the tenant’s expansion of its operations at the property,” Mr. Medwin said. “With this transaction, the tenant will fill a large portion of the space Kellstrom Industries will vacate as it downsizes from 250,000 square feet.  The remaining 110,000 square feet of warehouse space available in the building offers an attractive opportunity to industrial users seeking class A, centrally located space in the heart of South Florida.” 

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.