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News release

Kansas City, MO

Increased construction in the region prompts sale of outdoor storage facility

JLL secures sale of industrial property near Kansas City


Kansas City, May 7, 2018 – Strong construction activity throughout the region has amplified demand for outdoor storage, prompting the sale of a Kansas City area industrial facility JLL announced today. JLL Vice President Andrew Fischer and Associate Henry Weiler led the sales effort on behalf of the seller, Porter Roofing Company.

The asset, located 144 West Markey Road in Belton, Missouri, includes a four acre site and 7,200-square-foot building.

"Construction companies are actively looking for secure facilities to store large equipment and supplies," said Fischer. "With no new product of this kind under development, properties like this are fetching a premium and are being acquired just as quickly as they're put on the market. Building owners with outdoor storage capabilities should really look into the value of their property in such a hot market. Our custom analysis tailored towards this type of product allowed us to correctly determine the best value for the property, and we were able to secure near asking price within a matter of days. We are thrilled for our client, Porter Roofing Company, and look forward to assisting others in the market."

Located 20 miles south of downtown Kansas City, the recently acquired outdoor storage facility is less than two miles from Interstate 49, providing quick access to several major streets and highways.

For additional information on future availability of outdoor storage product or a valuation of an existing facility, please contact Andrew Fischer or Henry Weiler.

 

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 www.jll.com.