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News release

DALLAS

AutoNation Luxury Imports, LTD Announces Sale of Retail Property


DALLAS, November 9, 2016 – JLL announced today the firm successfully brokered the sale of the 96,557-square-foot, former John Roberts BMW retail property to Leo Griggs on behalf of AutoNation Luxury Imports, LTD. The property is located at 2536 Forest Lane in Dallas, Texas in the southeast quadrant of Interstate 35E and Loop 635.

JLL Managing Director Clay Smith, Executive Vice President Mark Newman, and Associate Katie Carlisle negotiated the sale on behalf of the seller. Mark Adame with Joe Adame & Associates, Inc. represented the buyer.

"We felt this was a great opportunity for an investor to acquire a highly visible property," said Newman. "This is an appealing, high-traffic location with tremendous upside. We're glad to have played a role."

The sale includes the 6.23 acres on which the property is located.

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.  JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 60,000.  On behalf of its clients, the company 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. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.