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News release

ST. LOUIS, MO

SKF USA Buys Land in NorthPark in St. Louis for $60 Million Build to Suit

JLL Represents Landlord in Sale


ST. LOUIS, MO.; JANUARY 24, 2015 — JLL represented NorthPark Partners in negotiations for a $60 million build-to-suit project in NorthPark, in northern St. Louis County. David Branding, a vice president with JLL, represented the ownership in bringing SKF USA to a site at Hanley Road and Springdale Avenue.

SKF USA will move the St. Louis operations for its industrial lubrication systems from its current location on Goodfellow Boulevard. The firm expects to complete construction by the end of the year on a 310,986-square-foot campus for its industrial lubrication systems. The company will retain 388 jobs in St. Louis and expects to add 73 jobs over the next six years.

NorthPark is a 550-acre business park east of Lambert-St. Louis International Airport. The development is home to many regional and national corporations, including Express Scripts Corporation, Vatterott College and Staples. The development is a collaboration of the McEagle and Clayco development companies.

Sweden-based SKF is a leading global supplier of bearings, seals, and lubrication systems, operating in 130 countries. With headquarters in Gothenburg, Sweden, SKF supplies products and services around the world through 15,000 distributors.
Clayco will construct the facility, which is designed to qualify for Leadership in Energy and Environmental Design (LEED) certification. Colliers, and NAI Geis Realty Group represented SKF USA in the transaction.

With this land sale, there are fewer than 100 acres available for development in NorthPark's Phase One. Phase Two will include development of 179 acres just north of the Phase One property.

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.