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News release

NORFOLK, VA

JLL Completes 90,000 SF Relocation for Movement Mortgage

Mortgage company expanding operations center in new Norfolk location


Norfolk, VA, May 11, 2016  -- JLL (NYSE: JLL) announced today its representation of Movement Mortgage in a recently signed lease to relocate and expand its operations center in Norfolk, VA. The mortgage company will move from Virginia Beach to Norfolk in Q1 2017, taking 90,000 SF at 880 North Military Highway.

“I truly believe this investment is going to spark a massive wave of positive momentum for this community by establishing a dynamic, thriving hub of business activity at Military Circle,” said Movement Co-founder and Executive Vice President Toby Harris. “When I moved to this community, we used to go to Military Circle for restaurants, movies and entertainment. I am so excited to be going back. It’s a wonderful fit for our company, and we have a big vision to bring new life to this neighborhood.”

Movement Mortgage retained JLL’s Senior Vice President Deborah Stearns and her team to support its search for a space that offered a central location, accessibility and room for growth.

The JLL team looked at many options in the market before identifying the underutilized 880 North Military Circle, a former retail location, which offered ample parking, proximity to public transportation and a space that could accommodate a growing operations center. JLL brought in an architect and its project development team to transform a creative concept of how to repurpose the space as an operations center into a realistic plan for development.

“While we considered a number of options for Movement Mortgage, the 880 North Military Circle location was perfect but needed lots of vision—which our client has,” said Stearns. “We are pleased we were able to develop a truly out of the box creative solution to meet their growth needs.”

“Having a company that shares the City’s vision for transforming the Military Highway corridor is really fantastic,” said Chuck Rigney, Norfolk Director of Development.  “The Norfolk Economic Development Authority is delighted to have Movement Mortgage as a partner in the 880 North Military Highway project.”

“With the potential for future Light Rail extensions and the transformation of the area into a vibrant, walkable neighborhood, the redevelopment of 880 North Military Circle is in perfect alignment with the long term strategic vision the city has for the area,” added Stearns.

880 North Military Highway is owned by the Norfolk Economic Development Authority.

About Movement Mortgage
Founded in Virginia Beach in 2008, Movement Mortgage exists to love and value people by leading a Movement of Change in its industry, corporate culture and communities. Movement is known for its high standard of service and innovative loan processing model, which begins with upfront, six-hour underwriting and aims to finish the loan process in seven business days. The company employs over 3,500 and has more than 500 branches in the U.S. Movement has operations centers in Virginia Beach, Richmond, Charlotte, North Carolina and Phoenix, Arizona. Its non-profit organization, The Movement Foundation, has reinvested more than $16.5 million in community centers, schools and other outreach programs to date. For more information, visit  www.movement.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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 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 $58.3 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.​