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News release

West Palm Beach, FL

JLL Tapped to Lease 116KSF of Retail Space at Boca Center


BOCA RATON, FL May 2, 2018 JLL announces today that the firm has been selected as the exclusive retail leasing agent for Boca Center, one of South Florida's most prominent mixed-use destinations located at 5150 Town Center Circle in the heart of Boca Raton, FL. 

JLL Senior Vice President, South Florida Retail Lead Zach Winkler and JLL Senior Associate Kesha Williams will spearhead leasing efforts for the property's 116,275-square-foot retail portfolio on behalf of Boca Center's ownership.

"Boca Center is an established destination with tremendous potential as Palm Beach County is one of Florida's strongest retail markets right now," said JLL's Winkler. "The property is a perfect fit for new, upscale retail, dining, and entertainment tenants."

Boca Center is anchored by premier retail and dining tenants that include Rocco's Tacos, Tap 42, BRIO Tuscan Grille, Morton's Steakhouse, Total Wine, Allen Edmonds and Jos. A Banks. The property is currently 88% occupied.

Boca Center is also home to a full-service salon and spa, a 256-room Marriott hotel and approximately 360,000 square feet of Class A office space. The property is conveniently located in close proximity to Glades road, offering direct access to I-95 and Florida's Turnpike.  

JLL partners with retailers, investors and owner/operators with its extensive team of dedicated professionals around the world. They understand the inherent complexities and variability associated with both the retail industry and increasingly complex capital markets. JLL's specialists are recognized for their independent and expert advice to clients, backed by industry-leading research that delivers maximum value. With leading in-depth knowledge of the local, regional and global market dynamics, JLL aims to truly partner with its clients for the entire lifecycle of an asset or lease. Its experts deliver clients maximum value to support and shape their investment, site selection and brand strategies.   

JLL is the largest third-party retail property manager in the United States with more than 1,000 centers, totaling 125 million square feet under management. The firm has more than 140 retail brokerage experts spanning more than 30 major markets, representing more than 900 retail clients. In 2015, JLL's retail experts completed transaction management and portfolio optimization on 1,500+ leases, negotiated 500+ leases for retailers and 1,000+ leases for landlords and completed more than $2.7 billion of investment sales, dispositions and financing for investors. For more news, videos and research from JLL's Retail Group please visit: www.jllretail.com.

 

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.