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News release

JENNINGS, MO

JLL Closes Sale of St. Louis Area Self-Storage Facility


JENNINGS, MO., Feb. 7, 2017 – JLL's Capital Markets experts today announced the firm completed the sale of Jennings Station Self Storage located at 8319 Jennings Station Road in Jennings, Missouri, a suburb of St. Louis. Store Here Self Storage purchased the property.

JLL Managing Directors Steve Mellon and Brian Somoza represented the seller, Jennings Storage Solutions, LLC, in the transaction.

"Located at a major retail intersection in a growing community, this property is positioned to benefit from strong surrounding demographics and excellent exposure," said Mellon. "The facility's state-of-the-art design provided Store Here Self Storage with a turnkey opportunity to acquire a high-potential self storage property."

Constructed in 1985, the property was converted to a self-storage facility in 2016. The facility is comprised of a single two-story building, with a total net rentable area of 64,315 square feet. Consisting of 629 climate controlled units, the facility features 24-hour video surveillance, electronic access control, elevator and lift to the second floor, and a retail-oriented customer service office.

Located at the intersection of Jennings Station Road and West Florissant Avenue, the property benefits from exposure to traffic volumes that exceed 19,000 cars per day. Moreover, the property is situated in a densely populated area, with more than 105,000 residents within a three-mile radius.

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.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About Store Here Management, LLC

Store Here Management is a property management and investment company with an acquisition and analysis division focusing on the self-storage industry.  RHW Capital Management Group, LLC the operating partner of Store Here Management, currently has 36 self-storage facilities in their portfolio with over 2 million rentable square feet under management. RHW plans to expand the Store Here brand with an aggressive strategy, which includes acquiring additional assets and securing new management contracts. For more information call James J. Hanrahan (657)224.9444 or visit www.storehere.com.​