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News release

DALLAS, TX

JLL Tapped to Lease and Manage The Shops at Highland Village

Affluent, open-air center is one of the few high-end retail properties in Texas’ South Denton County


DALLAS, May 17, 2016 – AEW Capital Management, L.P. has selected JLL to manage and lease The Shops at Highland Village, a 352,000-square-foot lifestyle shopping center located at 1701 Shoal Creek in Highland Village, Texas. Anchored by AMC Highland Village 12, Whole Foods Market and Barnes & Noble Booksellers, the open-air, pedestrian-friendly center includes 11 restaurants and 60 specialty shops including Banana Republic, White House Black Market, Chico’s and Jos. A. Bank. The property also includes more than 29,000 square feet of office space.

JLL Vice President of Leasing Brenda Ford and Senior Vice President and Regional Manager Rick Vita will lead the assignment.

“The Shops at Highland Village is one of the most exclusive shopping centers in South Denton County, serving as a top gathering spot for the local, affluent residential base,” said Ford. “We look forward to furthering The Shops at Highland Village as an exciting destination for these shoppers, backed by AEW’s strong commitment to the center.”

Last year, The Shops at Highland Village underwent a multi-million dollar capital improvement program that resulted in common area renovations, upgraded landscaping, new amenities for adults and children, updated facades and new signage throughout the property.

Located at the corner of FM 2499 and FM 407, The Shops at Highland Village serves the upscale communities of Flower Mound, Highland Village, Denton, Lewisville and Argyle. There are few high-end retail properties in the area, and the 12-screen AMC Highland is the area’s only movie theater. Over 70 percent of the property’s retailers are national tenants.

JLL’s retail experts partner with retailers, investors and owner/operators with an extensive team of dedicated experts around the world. They understand the inherent complexities and variability associated with both the retail industry and increasingly complex capital markets. JLL’s specialists are recognized for their independent and expert advice to clients, backed by industry-leading research that delivers maximum value. With leading in-depth knowledge of the local, regional and global market dynamics, JLL aims to truly partner with its clients for the entire lifecycle of an asset or lease. Its experts deliver clients maximum value to support and shape their investment, site selection and brand strategies.   

JLL is the largest third-party retail property manager in the United States with more than 1,000 centers, totaling 125 million square feet under management. The firm has more than 140 retail brokerage experts spanning more than 30 major markets, representing more than 900 retail clients. In 2015, JLL’s retail experts completed transaction management and portfolio optimization on 1,500+ leases, negotiated 500+ leases for retailers and 1,000+ leases for landlords and completed more than $2.7 billion of investment sales, dispositions and financing for investors. For more news, videos and research from JLL’s Retail Group please visit: www.jllretail.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.

About AEW Capital Management, L.P.
Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide.  One of the world’s leading real estate investment advisors, AEW and its affiliates manage nearly $54 billion of property and securities in North America, Europe and Asia (as of December 31, 2015).  Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum.  AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Hong Kong and Singapore, as well as additional offices in nine European cities.  For more information please visit www.aew.com.    ​