Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

JONES LANG LASALLE INCORPORATED

(JLL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Jones Lang LaSalle Incorporated : Columbus-area grocery-anchored retail center sells for $17.7M

11/29/2021 | 12:11pm EST

CHICAGO, Nov. 29, 2021 - JLL Capital Markets announced today that it has closed the $17.7 million sale of Derby Square, a 125,250-square-foot neighborhood shopping center anchored by Giant Eagle in the Columbus-area suburb of Grove City, Ohio

JLL advised the seller, a joint venture between Madison International Realty and SITE Centers Corp. A private buyer based in the Midwest acquired the asset.

Housing the only Giant Eagle location within a seven-mile radius, Derby Square is 99 percent leased and home to a diverse roster of national and local tenants, including Once Upon a Child, Plato's Closet, Novacare Rehabilitation, Salon Lofts, City Barbeque, Batteries + Bulbs, H&R Block and Allstate Insurance. Starbucks and Huntington National Bank occupy two non-owned outparcel pads and help drive traffic to the center.

Derby Square is situated on 12.015 acres at 2161-2263 Stringtown Rd., in Grove City, a suburb 11 miles southwest of downtown Columbus. The property's location along Springtown Road exposes it to more than 35,000 vehicles per day and is close to Interstate 71, one of Columbus' primary travel corridors. The area, which is one of the fastest-growing Midwestern markets, contains nearly 53,000 residents earning an average annual household income of $86,552 within a three-mile radius of the property.

The JLL Retail Capital Markets team representing the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Director Michael Nieder, along with Managing Director Bill Poffenberger.

"We received incredible market interest, as investors continue to be drawn to stable, neighborhood grocery-anchored retail centers with strong historical performance," Mitchell said. "Furthermore, the Columbus market has been one of the most dynamic markets in the Midwest over the past several years, which attracted several new-to-market investors from other regions of the country."

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 investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

Disclaimer

Jones Lang LaSalle Inc. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 17:10:02 UTC.


ę Publicnow 2021
All news about JONES LANG LASALLE INCORPORATED
01/20JONES LANG LASALLE INCORPORATED : Growing Dallas-area population fuels retail sale
PU
01/20JONES LANG LASALLE INCORPORATED : JLL Capital Markets closes sale of 100 Philips Parkway i..
PU
01/20JONES LANG LASALLE INCORPORATED : Orange County retail center trades hands in $85.7M sale
PU
01/20JONES LANG LASALLE INCORPORATED : Suburban Denver apartment complex development financed w..
PU
01/20JONES LANG LASALLE INCORPORATED : Local investor purchases suburban Boston retail center f..
PU
01/20JONES LANG LASALLE INCORPORATED : Grocery-anchored retail center trades for $19.125M in Ga..
PU
01/19JONES LANG LASALLE INCORPORATED : H-E-B-anchored power center near Houston sells to Fideli..
PU
01/19JONES LANG LASALLE INCORPORATED : Sale of select-service hotel in Hawaii closes for $21M
PU
01/19JONES LANG LASALLE INCORPORATED : Two-building industrial facility in sought-after Dallas ..
PU
01/19JONES LANG LASALLE INCORPORATED : Multi-tenant industrial facility in Rockland County sell..
PU
More news
Analyst Recommendations on JONES LANG LASALLE INCORPORATED
More recommendations
Financials (USD)
Sales 2021 10 909 M - -
Net income 2021 883 M - -
Net Debt 2021 582 M - -
P/E ratio 2021 14,4x
Yield 2021 -
Capitalization 12 340 M 12 340 M -
EV / Sales 2021 1,18x
EV / Sales 2022 1,06x
Nbr of Employees 91 000
Free-Float -
Chart JONES LANG LASALLE INCORPORATED
Duration : Period :
Jones Lang LaSalle Incorporated Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JONES LANG LASALLE INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 244,51 $
Average target price 323,83 $
Spread / Average Target 32,4%
EPS Revisions
Managers and Directors
Christian Ulbrich President, Chief Executive Officer & Director
Karen Brennan Chief Financial & Investment Officer
Siddharth N. Mehta Chairman
Allan Frazier Global Chief Information Officer
Benjamin Breslau Chief Research Officer
Sector and Competitors
1st jan.Capi. (M$)
JONES LANG LASALLE INCORPORATED-9.68%12 340
CBRE GROUP, INC.-8.11%32 434
KE HOLDINGS INC.13.62%27 045
ZILLOW GROUP, INC.-14.48%13 736
FIRSTSERVICE CORPORATION-18.59%7 107
COLLIERS INTERNATIONAL GROUP INC.-7.42%6 139