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News release

HOUSTON, TX

Port Cameron, LLC Announces New 500-acre Deep-Water Staging Port in Cameron, Louisiana

JLL selected as the exclusive leasing partner at Port Cameron complex


HOUSTON, May 26, 2016 – Port Cameron, LLC has announced it will develop a new deep-water staging port in Cameron, Louisiana. The first phase of construction will encompass 500 acres, with an additional 750 acres available for expansion in the future. As the largest private energy services facility on the Gulf Coast, the new port complex will cater to the needs of energy development in the Gulf of Mexico.

“Port Cameron presents Gulf energy producers, supply and service companies a tremendous opportunity to position their business in a premier deep-water oil and gas port centrally located to conveniently serve offshore installations in the Gulf of Mexico,” explained Ted Falgout, Director of Operations for Port Cameron.  “Our port facilities are engineered to maximize efficiency and reduce the operating costs of our tenants, while also creating thousands of Louisiana jobs and generating millions of dollars in tax revenue for the area, our state and the nation.”

Construction on the $1.5 billion project will commence in November, and the first phase of the project is slated for completion by the third quarter of 2017. According to an economic impact study by Louisiana-based economic consulting firm Loren Scott Associates, when fully leased, activity at the port will create approximately $2.8 billion in sales and about 10,000 jobs for the State of Louisiana.

Leading the leasing efforts for Port Cameron are JLL Houston team members Executive Vice President Mark Nicholas, Senior Vice Presidents John Talhelm and Richard Quarles, and Associate Joe Berwick.

“Land availability along the Houston Ship Channel is practically non-existent,” said Talhelm. “Because of this, Houston’s E&P operators, engineering firms, oil and gas service companies, and third-party logistics firms, are looking eastward to find port sites that meet the requirements of their operations and provide convenient access to offshore platforms in the Gulf of Mexico.”

The new port will be located on the Calcasieu Ship Channel, 185 miles east of Houston and just south of Lake Charles. The property is approximately 50 miles south of Interstate Highway 10 with convenient access to the interstate via north/south highways east of the site. Furthermore, approximately 25,000 linear feet of all-weather roads and two new pile-supported concrete bridges will be constructed to provide added accessibility to the location.

“Port Cameron’s strategic location presents an opportunity to the market that will reduce operational costs and risk on the Gulf Coast,” said Nicholas.

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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 $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.