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News release

VANCOUVER, Wash.

JLL completes $38.8M sale of EastRidge Business Park


​JLL's Capital Markets experts today announced the company completed the sale of the EastRidge Business Park in Vancouver, Washington on behalf of Investors Warranty of America, LLC. Westcore Properties purchased the 25-building park for $38.8 million. ​

Managing Director Buzz Ellis and Executive Vice President Paige Morgan led the JLL team on the sale.

"This was a rare chance to own a critical mass of flexible product in a growing area," said Ellis.

Added Morgan, "We continue to see investors drawn to business park opportunities with near-term upside and a diverse tenant base."

The business park comprises 25 free-stranding retail, office and light industrial buildings, which total 407,546 square feet over 30.89 acres. Located just seven miles from downtown Vancouver and 11 miles from Portland International Airport, EastRidge Business Park offers access to Interstates 205 and 5.

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 $145 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 Investor, 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 $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 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.