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News release

FORT WORTH

JLL Completes Disposition of West Fort Worth Multi-building Property

Chemical Management Co., Inc. sells former Lhoist North American Headquarters


FORT WORTH, May 11, 2017 – JLL today announced the firm has completed the sale of 3700 Hulen Street in Fort Worth, Texas on behalf of Chemical Management Co., Inc. 3700 Hulen, LLC purchased the five building complex.

JLL Managing Director Pat McDowell and Vice President Matt Montague led the sales team.

The property once served as the headquarters for mineral and lime producing company Lhoist North America.

"3700 Hulen provides a great opportunity for the new ownership group," said McDowell. "Its location, the accessibility to major highways and roads, and its vicinity to amenities and entertainment make it an intriguing property for prospective tenants."

3700 Hulen Street is located in the West/Southwest submarket of Fort Worth near I-30 and the new Chisolm Trail Parkway. The five-building office property totals 45,118 square feet and includes abundant surface parking, landscaping, an outdoor patio and fountain. The sale includes the 2.6 acres on which it is situated.

West/Southwest submarket remains one of the most active in Fort Worth. According to JLL Research in Q4 2016, the submarket net absorption percentage (2.3%) was second highest in Fort Worth, while the vacancy rate (9.3%) was second lowest. Only Westlake/Southlake had a higher net absorption rate (2.8%) and Centerport/DFW Airport had a lower vacancy rate (3.1%).

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.