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News release

McAllen, Texas

JLL completes sale of Sharyland Business Park Portfolio

MCALLEN, Texas, Jan. 22, 2018 – JLL's Capital Markets​ experts today announced the company completed the sale of the 10-property Sharyland Business Park Portfolio. JLL represented the seller, IDI Logistics. Killam Development purchased 10 buildings totaling 1.64 million-square-feet, located in McAllen, Texas, along with 111 acres of developable land. ​

International Director John Huguenard and Executive Vice President Dustin Volz led the JLL team​ on the sale.

"Border markets continue to thrive, and national and regional tenants continue to renew and expand," said Volz. "These assets were institutionally maintained and are strategically located for cross-border trade, which piqued investor interest."

"We were pleased with our working relationship throughout the process with JLL and IDI Logistics. Killam Development is now positioned as one of the premier industrial real estate companies along the entire Texas/Mexico border. We look forward to continued expansion through acquisitions and development," said Cliffe Killam, President of Killam Development.

Located adjacent to the Anzalduas International Crossing and McAllen International Airport, Sharyland Business Park Portfolio serves as a connection between Mexico, the United States and Canada. The assets sit within the region's premier 1,200-acre master planned industrial park, which features a strong roster of national tenants and vacancy levels below 5 percent.

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