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SEATTLE, Oct. 3, 2017 — JLL and Brixton Capital today announced that Brixton Capital has acquired 100 percent ownership interest in Everett Mall and retained JLL to manage and lease the 676,880 square-foot enclosed mall located at 1402 SE Everett Mall Way, Everett, Washington. The 70+ store property is anchored by Burlington, Old Navy, Ulta and Sears.
"The trade area brings the buying power of more than 560,000 residents to the mall, making it a top destination for retailers looking to expand in the region" said JLL's Senior Vice President of Operations Sherri Lusk. "We look forward to furthering Everett Mall as an exciting destination for these shoppers, backed by Brixton Capital's strong commitment to the center and community."
The mall was originally built and opened in 1974, and touts top national retailers including: Bath & Body Works, LA Fitness, Party City, and Victoria's Secret. Shoppers can catch the latest flicks at the Regal Everett Stadium 16, then grab a meal at Olive Garden, Buffalo Wild Wings, Subway, Baskin Robbins and a food court with a variety of options for every palette. For more information about Everett Mall please visit: www.shopeverettmall.com
JLL is the largest third party retail property manager in the United States with more than 1,300 centers, totaling 131 million square feet under management, lease and sale. The firm has more than 150 retail brokerage experts spanning 35 markets, representing over 1,300 retail clients. In 2016, JLL's retail team completed 1,200+ leases on transaction management and lease renewals, generated $65.3 million in savings to clients through restructuring services, negotiated 950+ leases for retailers and 1,200+ leases for landlords and completed more than $5.4 billion of investment sales, dispositions and financing for investors. For more news, videos and research from JLL's retail team, please visit: www.jllretail.com.
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 ir.jll.com.
About Brixton Capital
Brixton Capital brings together discretionary capital and decades of operating experience to unlock embedded value in commercial real estate. Having acquired over 800 properties with a value of more than $10 billion, Brixton's team of professionals has an unparalleled track record of identifying properties that have the potential to provide outstanding risk-adjusted returns. For more information, visit Brixton Capital's website: www.brixtoncapital.com.