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News release

HOUSTON, TX

JLL Negotiates Sale of 53,400-Square-Foot Industrial Building in North Houston


HOUSTON, Aug. 22, 2016 – On behalf of Alfa Laval, JLL today announced the firm has completed the sale of an industrial property located at 11600 East Hardy Road in Houston, Texas. Worldwide Trucking purchased the property.

JLL's Jarret Venghaus and Geoff Perrott negotiated the terms on behalf of the seller. CBRE's Bill Rudolf represented the buyer in the transaction.

"This property epitomizes what has long made the north industrial submarket a desirable area: its connectivity between major thoroughfares and proximity to the airport," said Venghaus. "Located approximately 10 miles north of downtown Houston, this site benefits from excellent exposure and access to the Hardy Toll Road."

The fenced property encompasses approximately seven acres of land and includes seven buildings, several of which are crane-served. The property's buildings have a total of 53,400 square feet, of which 11,400 square feet is office space.

According to JLL Research, the north industrial submarket contains more than 66 million square feet of Houston's warehouse, distribution and manufacturing inventory.

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.