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News release

DALLAS, TX

O’Reilly Auto Parts Expanding with New Location in McKinney, Texas

JLL successfully negotiates 48,048-square-foot lease


DALLAS, April 12, 2016 – On behalf of Guggenheim Retail Real Estate Partners, JLL today announced the firm has negotiated a 20-year ground lease agreement with O’Reilly Auto Parts. The new location will be at the southeast quadrant of Ridge Road and Eldorado Parkway in McKinney, Texas.

JLL’s Executive Vice President Mark Newman and Senior Associate Alex Whitman represented the landowner, and Woodcrest Capital’s Jordan Cluff represented the tenant.

“Guggenheim Retail Estate Partners provides a valuable opportunity for perspective tenants in McKinney,” says Newman. “This long-term agreement establishes O’Reilly Auto Parts in a centralized and high-traffic area of this community.  It’s a perfect combination for an automotive supply company.”

This transaction completes the sale of Guggenheim Retail Real Estate Partners’ 13.4-acre site that was acquired in November 2015.

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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 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.