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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.

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.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.

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.http://www.us.jll.com/united-states/en-us/people/4802/mark-detmer