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News release


JLL secures $65M for development of Port 10 Logistics Center

HOUSTON, Dec. 18, 2017 – JLL's Capital Markets experts today announced the company secured $65 million in financing on behalf of Pontikes Development. The financing will be used to develop the first phase of the Port 10 Logistics Center near Port Houston. First Tennessee Bank provided the first lien, while Nationwide provided mezzanine financing.

The first phase consists of four buildings on a 100-acre site totaling 992,669 square feet. When completed, the project will include eight buildings totaling more than 3 million square feet over an additional 146 acres.

Managing Director Paul House and Senior Vice Presidents James Brolan and Jonathan Paine led the JLL team on the financing.

"This strategic location is a vital starting point for logistics delivery throughout southeast Texas and provides a concentrated location for Port of Houston's primary outbound container trade with Latin America and Asia. We continue to see investors seeking to invest into the area's multi-modal logistics hub," said House.

More than 241 million tons of cargo move through Port Houston annually, making it a national leader in total traffic and an exceptional location for logistics properties. Port 10 Logistics Center will provide state-of-the-art facilities with flexible layouts in a desirable location at the intersection of Interstate 10 and Route 330 that also offers direct access to rail lines.

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 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