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News release

Philadelphia

JLL completes sale of AstraZeneca North Campus


​JLL's Capital Markets experts today announced the company completed the sale of the AstraZeneca North Campus in Wilmington, Delaware. An affiliate of Delle Donne Associates purchased the four office buildings, which total 865,000 square feet, from AstraZeneca. AstraZeneca entered into a sale-leaseback of the two main buildings, Brandywine and Alapocas. ​

Managing Director Jim Galbally and Executive Vice President Blaise Fletcher along with Senior Vice Presidents John Plower, Erin Miller, Chad Orcutt and Brett Grifo led the JLL team on the deal.

"The sale of the North Campus presented a unique opportunity to acquire a large redevelopment opportunity at one of the best locations in the state of Delaware," said Galbally. "The sale and partial-leaseback provides AstraZeneca with the right space to meet future and present business needs, while also offering the opportunity to reposition the other two buildings or create a mixed-use development on vacant land." 

The 79-acre corporate headquarters site is comprised of four office and amenity buildings, and includes a 621-space parking garage. The campus offers meeting spaces, dining areas, a fitness center and outdoor seating.

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 $136 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.

For more news, please visit The Inv​estor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

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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.