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News release


Regional Dominance Drives Sale of Texas Mall

JLL completes sale of Mall of Abilene

DALLAS, September 20, 2016 – Strong tenancy and highly visible locations continue to be cornerstones of Texas retail investment. On behalf of an investment group advised by Gregory Greenfield & Associates, JLL's Capital Markets experts today announced the firm completed the sale of the Mall of Abilene in Abilene, Texas. An affiliate of Radiant Partners LLC purchased the 681,319-square-foot mall.  Radiant Partners is a national owner operator of Regional Class B Malls. 

Managing Director David Monahan and Vice President Cameron Pittman led the JLL team on the sale. 

"The Mall of Abilene's strategic location as the only regional mall within an 80-mile radius, combined with balanced tenancy and a surge in leasing activity in the last year made this a sought-after asset for investors," said Monahan. 

The Mall of Abilene is highly visible from the adjacent U.S. Route 84 and Buffalo Gap Road, which has a daily traffic count of more than 33,000. Tenants include Best Buy, Dillard's, Ulta and Sears.

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.

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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, visit