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News release

BOSTON

JLL Closes Sale of Stoughton Town Center

Medipower Overseas purchases 73,000 SF shopping center


BOSTON, December 8, 2016 - On behalf of an affiliate of Winstanley Enterprises LLC and Surrey Equities, JLL's Capital Markets experts today announced the sale of Stoughton Town Center, a 73,000-square-foot, PriceRite Supermarket anchored shopping center in Stoughton, Massachusetts. Medipower Overseas purchased the asset.

According to JLL Executive Vice President Nat Heald, "Stoughton Town Center represented a compelling opportunity to acquire a high-profile grocery-anchored shopping center in the competitive Greater Boston MSA. The property has recently undergone an extensive repositioning to attract new, national credit tenants, which will ensure a stable cash-flow for many years to come."

Located just 15 miles south of Boston, Stoughton Town Center is anchored by PriceRite Supermarket, and is also home to Rite Aid, Douglas Wine & Spirits, and Sonic. The property is uniquely positioned in downtown Stoughton along Route 138 (Washington Street), the area's primary retail corridor. In addition to having direct access to Route 138, Stoughton Town Center lies between Routes 27 and 139 and is minutes from major thoroughfares including Route 24 and Interstates 93 and 95, Greater Boston's primary commuter highways.

Executive Vice President Nat Heald and Managing Directors Chris Angelone and Bill Moylan led the JLL team on the transaction.

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.  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.