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News release


Scale, location and credit tenancy drive industrial portfolio trade

JLL announces sale of three building industrial portfolio near DFW

​​​DALLAS, March 5, 2018 – JLL's Capital Markets experts today announced the successful sale of a portfolio of two warehouse/distribution facilities and a suburban office building close to Dallas-Ft. Worth International Airport (DFW) in Coppell, Texas.  The sale was executed on behalf of affiliates of Transpacific Development Company of Torrance, California.  The buyer was Irvine, California-based LBA Realty.

John Huguenard, International Director, and Dustin Volz led the JLL team handling the transaction.

"DFW is one of the strongest industrial markets in the country right now, and there was strong investor interest in this portfolio because of its scale, strong in-place cash flow, tenancy and location," said John Huguenard.

The portfolio totals 578,400 square feet and consists of two institutional-quality distribution properties and one office building within one mile of each other.  500 Airline Drive is a 409,600 square foot distribution warehouse, which is connected to 510 Airline Drive, a 53,600-square-foot, two-story office building, via an elevated walkway.  217 Wrangler Drive is a 115,200-square-foot warehouse/production facility.  The buildings are all 100 percent leased, with over 50 percent of the in-place income from A-rated credit tenants.  There is the potential to add up to 102,400 square feet of additional warehouse space to 500 Airline Drive.

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 2017 alone, the firm's 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.

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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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit​