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News release

HOUSTON

Strategic Location Prompts 68,833-Square-Foot Industrial Lease in Southeast Houston


HOUSTON, May 9, 2017 – On behalf of Wrist USA Inc., JLL today announced the firm has negotiated a 68,833-square-foot industrial renewal at East Belt Business Park, 1485 East Sam Houston Parkway in Pasadena, Texas.

JLL's Ryan Fuselier and Travis Secor negotiated the terms on behalf of the tenant. CBRE's Faron Wiley represented the owner, Morgan Stanley.

Based in Pasadena, Texas, Wrist USA Inc. is a general ship supplier and offers services including purchasing, consolidation, and distribution of provisions and various stores required by vessels.

"Wrist USA was thoughtful and comprehensive in evaluating possible locations for their operations," said Fuselier. "After an extensive search, the company determined this location continues to be optimal for serving new and existing customers."

Built in 2007, 1485 East Sam Houston Parkway is an 118,000-square-foot Class A industrial warehouse building in Houston's southeast industrial submarket. Features of the building include cross dock configuration, 24-foot ceiling heights, frontage along East Sam Houston Parkway, ample parking and wide truck courts. In addition to its direct access to Sam Houston Parkway, it is proximate to Highway 225, the main thoroughfare to the Port of Houston.

According to JLL research, the southeast continues to be one of Houston's most active industrial submarkets due to its proximity to the Port of Houston and the nearby petrochemical boom, which provide strategic advantages for the submarket and its users. In the first quarter of 2017, the submarket recorded more than 1.8 million square feet of positive net absorption.

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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 the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 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.​