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News release

DALLAS

Rockwell Collins Capitalizes on Demand for Land with Sale

JLL successfully negotiates sale of ten acres in Richardson, Texas


DALLAS, TX, October 20, 2016 – JLL today announced the firm successfully negotiated the sale of ten acres of land in Richardson, Texas on behalf of Rockwell Collins.

JLL Vice Presidents Chris Stout and Melissa Holland negotiated the sale to Breckenridge LLC on behalf of the seller.

"Rockwell Collins saw an opportunity with the limited land available in the area for development and a strong demand for good sites," said Stout. "This was a perfect time to capitalize on the market. We were glad to provide our assistance in the sale."

The ten acres acquired by Breckenridge was part of a 27-acre site. Rockwell plans on retaining the remaining 17 acres. Breckenridge is expected to market their new site for potential office, medical, and/or flex development.

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.