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News release

HOUSTON, TX

JLL negotiates sale of Baytown Plaza in Houston, Texas 


HOUSTON, December 8, 2015 – On behalf of Gulf Coast Commercial Group, JLL Capital Markets experts today announced the firm has negotiated the sale of Baytown Plaza, a 106,779-square-foot shopping center situated on 12.77 acres, located at 6560 Garth Road in Baytown, Texas.  An undisclosed buyer purchased the property.

Managing Director George Cushing, Senior Vice President Wendy Vandeventer and Associate Meaghan Gallacher led the JLL team on the transaction. 

“Baytown Plaza offers investment security from a line-up heavily weighted with proven national tenants,” said Cushing. 

Baytown Plaza is shadow anchored by Kohl’s Department Store and additional well-known tenants include Pier 1 Imports, Michaels, Boot Barn, Kirkland’s Home and Shoe Carnival.  Currently the property is 98 percent leased. 

Cushing continues, “Several of the center’s key tenants have a years-long occupancy and rental history that speaks to the viability of the location and development.”

The shopping center is located east of Garth Road at Independence Boulevard and approximately 25 miles from Houston’s Central Business District.

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, 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 $57.2 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.​