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News release

Chicago

JLL brokers sale of suburban Philadelphia office portfolio


​​PHILADELPHIA, Dec. 5, 2017 – JLL's Capital Markets exerts today announced the company completed the sale of the Newtown Square Portfolio in Newtown Square, Pennsylvania, on behalf of Brandywine Realty Trust. Henderson Group bought the five-building, 252,802-square-foot office portfolio.

Senior Vice President Brett Grifo led the team on the sale along with Managing Director James Galbally and Senior Vice Presidents John Plower, Erin Miller and Chad Orcutt.

"Philadelphia's suburban office campuses continue to draw strong investor interest and have seen a significant increase in average asking rent over the last several years," said Grifo. "This deal was no different as the portfolio is in one of Philadelphia's strongest suburban locations with excellent tenancy and a short-term value-add component."

The campus includes the Class A office buildings at 11, 14, 15, 17 and 18 Campus Boulevard. It is located close to some of the region's most affluent residential neighborhoods and offers tenants easy access through main thoroughfares including Routes 1, 3, 202 and Interstate 476.

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 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 third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 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.