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News release

Las Vegas

JLL brokers sale of Reno industrial asset

RENO, Nev., Nov. 27, 2017 – JLL's Capital Markets experts today announced the company completed the sale of the Mary's Gone Crackers (MGC) Manufacturing and Distribution Center in Reno, Nevada. JLL represented CP Logistics NVCC Building A-2, LLC, a joint venture between CalSTRS and Panattoni Development Company, which sold the 423,001-square-foot Class A industrial asset to LBA Realty for an undisclosed amount.

Managing Directors Mark Detmer and Bo Mills, and Vice President Ryan Sitov led the JLL team on the sale.

"This is a brand new state-of-the-art building," said Detmer. "The building is fully leased to a credit tenant, who chose the Reno market in a competitive process to establish their new headquarters."

The MGC Manufacturing and Distribution Center is an institutional, cross-dock distribution facility with best-in-class features including a 36-foot clear height, low cost LED lighting, and approximately 40 extra trailer spaces. ​​

The asset is located within the 1.4 million-square-foot North Valleys Commerce Center, Reno's most desirable distribution location. It allows access to Interstates 80 and 580 and US Route 395 and is just a one-day drive to major cities like Los Angeles, Portland, Seattle, and San Francisco.

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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