Business Services Industry
JLL completes retail sale
Real Estate Weekly, Dec 28, 2005
Jones Lang LaSalle announced that it has completed the sale of Rolling Meadows Shopping Center to a joint-venture between New Plan Excel Realty Trust, Inc. and an investment fund advised by JP Morgan Investment Management on behalf of national financial services organization TIAA CREF.
The 130,909 s/f retail center was 82 percent leased at the time of the sale. The center was sold for an undisclosed amount.
The Jones Lang LaSalle Capital Market's team of Mark De Riemer. Tom Beneville and Ashley Fitzgerald in New York City handled the sale.
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