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News release

BOSTON

JLL Closes Sale of Pentucket Shopping Center

Inland Real Estate Acquisitions, Inc. purchases approximate 200,000 SF New Hampshire shopping center


BOSTON, May 9, 2017 - On behalf of Quincy & Company, JLL's Retail Capital Markets team today announced the sale of Pentucket Shopping Center, a 199,335-square-foot shopping center anchored by The Home Depot in Plaistow, New Hampshire. Inland Real Estate Acquisitions, Inc. facilitated the purchase of the asset on behalf of Inland Real Estate Income Trust, Inc.

According to JLL Executive Vice President Nat Heald, "Pentucket Shopping Center offered investors a unique blend of credit-backed cash flow with the opportunity to realize upside potential in multiple ways. It is a proven retail location occupied by a wide range of major national credit tenants that draw shoppers from across southern New Hampshire and northern Massachusetts."

Located along Route 125, just one-mile from the Massachusetts border and the densely populated city of Haverhill, Pentucket Shopping Center draws shoppers from an enormous trade-area given the allure of tax-free shopping and the absence of any direct competition within a 10-mile radius. Anchored by The Home Depot, the shopping center is also occupied by Bed Bath & Beyond, Staples and includes a Super Walmart shadow anchor, which was not purchased in the transaction.

Executive Vice President Nat Heald and Managing Director Chris Angelone 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 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.​