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News release

SEATTLE, WA

Historic Office Space in Seattle Caters to Tech Tenants

JLL closes sale of 111 South Jackson


SEATTLE, June 18, 2015 – According to JLL’s 2015 Skyline Review, unique features are quickly rising up tenants’ wish lists when it comes to their office space. On behalf of Brickman Associates, JLL’s Capital Markets experts today announced the sale of 111 South Jackson, a Class A office building in Seattle’s Pioneer Square submarket. The asset was 93 percent occupied at the time of the sale and acquired by an institutional investment manager for an undisclosed amount.
 
Managing Directors Stuart Williams and Lori Hill and Vice President David Otis led the JLL team on the sales transaction.
 
“Seattle Pioneer Square submarket has proven itself as the place tech tenants want to be and 111 South Jackson’s historic touches, loft features and walkability to the area’s amenity base deliver exactly what these tenants want in their space,” said Williams.
 
Added Hill, “The office portion is fully leased for 10 years, which will provide stable cash flow.”
 
The 78,564 square-foot building features an open floorplan, brick and beam architecture, high ceilings and natural lighting. The asset is located adjacent to Seattle’s Waterfront Project and near the area’s restaurants, sports stadiums and newest commercial developments. The property also features nearly 8,000 square feet of retail space.
 
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,700 specialists, operating all over the globe.
 
For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.
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 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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 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.