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News release


JLL Capital Markets Announces Sale of Austin Office Asset

Eastbourne Investments sells Oak Creek Plaza

AUSTIN, April 5, 2017 – On behalf of an affiliate of Toronto-based Eastbourne Investments, JLL's Capital Markets experts today announced the firm has completed the sale of Oak Creek Plaza in Austin, Texas. Austin-based TMF Health Quality Institute purchased the property.

JLL Senior Vice Presidents Jeff Coddington (Capital Markets) and Kevin Kimbrough (Agency Leasing) led the sales team.

"Oak Creek Plaza offers a tremendous investment opportunity in this thriving Austin submarket," said Coddington. "This valuable asset is in a great location surrounded by numerous, desirable amenities and retail attractive to established and prospective tenants. This was a great deal for everyone involved."

Oak Creek Plaza is located at 3107 Oak Creek Drive in the Northwest submarket of Austin, conveniently located near popular destinations The Domain and Arboretum. The two-story, 50,502-square foot office property is LEED Gold Certified and includes ample covered and surface parking, bike storage, men's and women's showers and immediate access to and excellent visibility from Mopac Expressway. The sale includes the 7.65 acres on which it is situated.

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 2016 alone, JLL Capital Markets completed $145 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 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​