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News release

SALT LAKE CITY

JLL Secures 500,000 Square Feet for ReaderLink in Build to Suit

Rocky Mountain Region continues to solidify itself as the distribution hub of the West


SALT LAKE CITY, Oct. 18, 2016 – We are pleased to announce that JLL represented ReaderLink in its lease of a new 500,000 square foot build-to-suit property located in Business Depot Ogden. The project, to be completed by June of 2017, will be housed at 1019 West 400 North in Ogden at the 1,118-acre master-planned business park. ReaderLink, who will lease the building from Business Depot Ogden when completed, is the largest full-service distributor of hardcover, trade and paperback books to nontrade channel booksellers in North America. With their broad customer base, ReaderLink is unparalleled in industry service, distribution logistics, category management services, field services and business analytics.

JLL Salt Lake City brokers Andy Wheeler, CCIM, Vice President and Wick Udy, Senior Vice President represented ReaderLink in the transaction.

"As ReaderLink looked to consolidate their assets they considered factors such as population growth, access to talent and general location within the U.S.," said Andy Wheeler. "We were able to combine connectivity and access to both the region's customer base and talent with a build-to-suit space that can meet their long-term logistics needs."

ReaderLink signed a long-term lease for the 500,000-square-foot 1019 West 400 North address in August 2016. When completed at the end of the second quarter 2017, the new building will comprise of approximately 487,500 square feet of distribution space and12,500 square feet of office space. The distribution center will add up to 100 new jobs and bring $35 million in capital investment to the state.

The distribution center will be strategically situated in Ogden, less than half a mile off I-15 with clear access to all other major roads within the state. The access will allow for ReaderLink to continue delivering its product to the western United States within two days via ground transportation.

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.​