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News release

AUSTIN, TX

JLL Acquires Austin Office Asset in Northwest Submarket

JLL completes acquisition of Hyridge Building


AUSTIN, Texas, August 10, 2016 – On behalf of the Texas State Teachers' Association (TSTA), JLL's Capital Markets experts today announced the firm has completed the acquisition of Hyridge Place.  

Senior Vice Presidents Jeff Coddington and Diana Holford led the JLL team on the deal. 

"This was an excellent opportunity for TSTA to acquire a highly-visible property in a booming area of Austin," said Coddington. "The property is in a tremendous location with terrific upside, providing desirable amenities and highway access and visibility." 

Hyridge Place is located in the Northwest submarket of Austin, near popular destinations The Domain and Arboretum. The three-story, 28,332-square-foot office property is visible from Mopac Expressway, includes ample parking, newly renovated common areas, and has immediate access to Mopac Expressway and Highway 183. The sale includes the one and a half acres on which it is situated. 

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.

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, visit www.jll.com.