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News release

SAN DIEGO, CA

Largest Single-Owner Project on Tijuana Border Draws Interest

JLL completes the sale of industrial park and truck yard


SAN DIEGO, Oct. 1, 2015 – There’s never a dull moment on the world’s most active border, and that includes real estate trades. On behalf of Clarion Partners, JLL’s Capital Markets experts today announced the firm has sold  International Business Center, a seven-building industrial park with a 9.2-acre truck yard located outside San Diego in Otay Mesa, CA. A private real estate investor purchased the 517,207-square-foot portfolio. JLL was also awarded the leasing assignment for the property.

Managing Directors Bo Mills and Mark Detmer led the JLL team on the transaction, while Managing Director Jay Alexander, Senior Vice President Ryan Grove and Senior Associate Joe Anderson handled the leasing.

“This complex represents one of the largest single-owner projects in Otay Mesa,” said Mills. “The project is perfectly located within the submarket and offers a wide variety of amenities such as trailer parking, dock high and grade level loading and a wide range of suite sizes to accommodate nearly any size use. It is the closest property to the truck inspection terminal, located on the busiest land border in the world.”

The International Business Center is one mile from the new cross-border international airport terminal for Tijuana Airport.

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 Clarion Partners
Clarion Partners, an SEC registered investment adviser and FINRA member firm, has been a leading U.S. real estate investment manager for 33 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, DC, as well as a presence in Mexico. With more than $36 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 250 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.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. 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 $56.0 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.