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News release

DALLAS

JLL Announces Sale of Victory Shops at Royal

Rising population provides opportunity for retail growth


DALLAS, June 21, 2017 – JLL today announced the firm has completed the sale of the Victory Shops at Royal shopping center, located at 411 East Royal Lane in Irving, Texas, on behalf of Victory Group's CEO, Tony Ramji to a major out of market investor.

The retail center is the first of a four phase retail development that was completed in May 2017. Victory Group also developed the 12 acre development at the northwest corner of W Royal Lane and N MacArthur Boulevard.

JLL Associate Rose Meza led the sales efforts. Steve Music with Steve Music Company represented the buyer.

Victory Shops at Royal is in a growing area of Dallas-Fort Worth. Recently completed multifamily developments immediately nearby the property provide exponential value for retailers as more residents move to the area.

Victory Shops at Royal is located minutes from downtown Las Colinas, as well as Citigroup and Fluor's global corporate offices. The property is also near multiple major highways including I-635, I-35, 114 and the George Bush Tollway.

The sale includes 15,472 square feet of retail space and the 1.5 acres on which the shopping center is situated.

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.