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News release

CLEVELAND, OH

Fairmount Properties Partners with JLL at Pinecrest

JLL to lease offices at newest mixed-use project in Cleveland’s eastern suburbs


CLEVELAND, Dec. 17, 2015 – JLL’s Cleveland office announced today that it has been selected to manage leasing activities for the Offices at Pinecrest, a new mixed-used development led by Fairmount Properties.  Located in Orange Village, Ohio, Pinecrest will unite a dynamic mix of office, dining, shopping, hospitality, residential and entertainment venues in a walkable neighborhood environment. The Offices at Pinecrest will feature more than 150,000 s.f. of modern Class A facilities and amenities, all connected to Pinecrest’s 400,000 s.f. of retail, dining and entertainment options. Pinecrest will also feature a 150 room boutique hotel, 90 high-end luxury apartments and hundreds of new residences in a second phase.
 
JLL Senior Vice President Andrew Coleman and Executive Vice President Bob Gross will oversee leasing activities for the Offices at Pinecrest for Fairmount Properties. The Offices at Pinecrest are scheduled to open in Spring 2017.
 
“Fairmount has an incredible track record with mixed-use projects like Pinecrest and we are really excited to partner with them on this project,” said Coleman. “We truly believe clients will be attracted to more than just the amazing facilities and amenities that the Offices at Pinecrest will offer.”

“The Offices at Pinecrest will offer the market a modern, efficient and high quality product that companies have been looking for on the east side,” added Gross. “The integration of an enclosed parking garage, hotel and high end restaurants will make Pinecrest the logical choice for corporate office users.”

More information on Pinecrest is available at www.discoverpinecrest.com.

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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.

About Fairmount Properties
Since being founded in 1998, Fairmount Properties has become a well-respected industry leader that specializes in the development, ownership and management of high‐quality, vertically integrated mixed‐use specialty districts. These projects incorporate retail, office, residential, hospitality and entertainment and are located in top-tier urban cores and inner-ring suburbs throughout North America. To date, Fairmount Properties has developed projects in excess of $1.3 billion.