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News release

Los Angeles

JLL completes sale of former Toyota national HQ campus in Torrance, Calif.

110+-acre property includes 2+ million SF of office, industrial space


LOS ANGELES, Oct. 18, 2017 – JLL's Capital Markets experts today announced the firm completed the sale of Toyota's former Los Angeles-area national headquarters. Sares Regis Group, a Southern California-based owner and operator of commercial real estate, purchased the 110+-acre complex, which includes more than 2 million square feet of office and industrial space.

Managing Director Jeff Adkison and Senior Vice President Brendan McArthur led the JLL team on the sale.

"This is an exceptional asset with an ideal location that presented upside opportunity through several investment strategies," said Adkison. "Sares Regis Group presented the best, most comprehensive offer for this high-quality asset, which allowed it to come out ahead in the competitive bid process."

"Sares Regis Group is excited about partnering with the city of Torrance to reposition this world- class property and bring new quality companies to Torrance. This is an ideal location for businesses looking to expand or relocate to the South Bay," said Peter Rooney, President of SRG Commercial Development.  "A major factor in our decision to pursue this project was the high quality of life enjoyed by the residents and the business community of Torrance."

The campus is located approximately 10 miles from Los Angeles International Airport and is near the Ports of Long Beach and Los Angeles.

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.

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About SARES REGIS GROUP

SARES REGIS GROUP of Irvine, California, is a privately held real estate development, investment and management firm that focuses on commercial properties and multifamily communities.  Since its founding in 1993, SRG has developed and acquired more than $7 billion in commercial and residential properties. The company manages a combined portfolio of approximately 25 million square feet of office and industrial space and 18,000 apartment units.

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.