JLL Completes Largest Portfolio Sale in Hampton Roads in 2018

Hampton Roads, VA, April 4, 2019 –  JLL announces today the sale of a 1.6M square foot portfolio in Hampton Roads, Virginia. Office Properties Income Trust (Nasdaq: OPI) sold the portfolio of 16 offices and industrial properties to Washington, DC-based DSC Partners.

“We had significant interest in the opportunity from both local and out-of-town investors,” stated Jim Molloy, Executive Vice President, JLL. “The mix of office and industrial, combined with the great access along the east coast made it a very attractive opportunity in the Hampton Roads region.”

In addition to facilitating the sale of the OPI portfolio, JLL’s Hampton Roads Agency Leasing team has managed all leasing efforts for the portfolio since 2014 - successfully increasing occupancy to nearly full occupancy by the time of the sale.

“We were pleased the OPI team and JLL were able to increase the occupancy level to almost 97 percent at the time of sale,” added Deborah Stearns, Senior Vice President, JLL.

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 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.

For more information about JLL, visit https://www.us.jll.com/en/locations/mid-atlantic