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News release

ORLANDO, FL

JLL Completes Two Industrial Leases Totalling 276,300SF in Orlando


ORLANDO, April 15, 2016 – As demand remains strong for industrial and distribution space in Central Florida, JLL (NYSE: JLL) completes two new lease transactions totaling 276,300 square feet of warehouse distribution space on behalf of Special Logistics and Electrolux in Orlando, Florida.  Electrolux, a global leader in household appliances, will occupy 191,200 square feet of distribution space, while Special Logistics, a provider of custom distribution solutions, will take up 85,000 square feet at the Beachline Corporate Center located at 8650 Transport Drive.

JLL Senior Vice President Joe Hills and Vice President Josh Lipoff represented the ownership of Beachline Corporate Center in both transactions. In the Special Logistics lease, Hills and Lipoff also represented the tenant. In the Electrolux deal, David Murphy of CBRE represented the tenant.

“In securing leases with Electrolux and Special Logistics,  the key factors both tenants desired, was the high quality of the distribution space that Beachline Corporate Center offers, added flexibility for tractor trailing parking onsite, the property’s central location for state wide distribution and the highly competitive leasing terms achieved,” said JLL’s Joe Hills. “These latest transactions indicate the increasing demand Orlando’s industrial market is experiencing as companies seek properties with quality space, excellent access and proximity to the populations they serve.”

Beachline Corporate Center consists of a 361,400-square-foot, cross dock distribution center with 32’ ceilings that was built in 2008.  Electrolux plans to occupy its space by May, while Special Logistics will take occupancy in June.

“With demand for Class A Warehouse space in Orlando at an all-time high, our team worked closely with the landlord and tenants to secure two national companies of the caliber of Electrolux and Special Logistics to take space in Beachline Corporate Center, adding to the region’s positive absorption of industrial space,” said JLL’s Josh Lipoff.

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.