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News release


Top Quality Amenities Spur Sale of Suburban Cleveland Office Pair

JLL completes $24.5 million sale of One & Two Chagrin Highlands

​On behalf of Chagrin Headquarters Venture Ltd and Chagrin Office Two, Ltd., JLL today announced the firm completed the sale of One & Two Chagrin Highlands in the Cleveland suburb of Beachwood, Ohio. Shelbourne Global purchased the two four-story, Class A office buildings for $24.5 million.

Managing Directors Rob Roe, James Postweiler and Peter Harwood led the JLL team on the deal.

"These are two exceptional Class A assets in the coveted East office submarket that allowed the buyer to gain immediate scale," said Roe. "The buildings boast a high-quality roster of tenants, a great location and an overall top of market asset quality. We're thrilled to help make this deal happen."

Totalling a combined 224,988 square feet, the two Chagrin Highlands are among the best of Cleveland's suburban office market. Property amenities include underground parking garages, a conference room at each building that can accommodate groups of up to 25 and 50, respectively, a cafeteria style restaurant and an adjacent food preparation facility for catering. The Property also features a modern technological infrastructure, meticulously maintained landscaping and efficient floorplates. The buildings are located directly adjacent to the heavily travelled I-271 corridor.

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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For more information on JLL's Cleveland office, visit

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