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News release

Houston

High-Traffic Locations in Houston’s Retail Market are in High Demand

JLL completes sale of Nassau Bay Town Square, secures $12.9 million in acquisition financing,


On behalf of Griffin Partners, JLL’s Capital Markets experts today announced the firm completed the sale of Nassau Bay Town Square, a fully leased, 50,253-square-foot retail space in Houston. An undisclosed buyer purchased the Class A asset. JLL also secured $12.9 million in acquisition financing with Wells Fargo providing the securitized loan.

Managing Director George Cushing and Senior Vice President Wendy Vandeventer led the JLL team on the sale. Managing Directors Jimmy Board and Paul House led the firm’s financing efforts.

Located directly across from NASA’s Johnson Space Center, Nassau Bay Town Square is part of a 660,000-square-foot mixed-use development that includes office, multifamily and hotel assets. Tenants of Nassau Bay Town Center include Jimmy Johns, Five Guys, Berkeley Eye Center and Texas Citizens Bank.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

 

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page:http://bit.ly/18P2tkv.

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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 $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visitwww.jll.com.

 

Contact:

Megan Dolan

Scott Sutton

Phone:

+1 312 228 3154

+1 312 228 2863

Email:

Megan.Dolan@am.jll.com

 

Scott.Sutton@am.jll.com