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JONES LANG LASALLE INCORPORATED

(JLL)
  Report
Delayed Nyse  -  04:00 2022-12-08 pm EST
161.76 USD   +0.31%
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Jones Lang LaSalle Incorporated : Newly completed Class A industrial facilities in Orlando trade for $30.1M

09/23/2022 | 07:41am EST

ORLANDO, September 21, 2022 -JLL Capital Markets announced today that it has closed the $30.1 million sale of International Corporate Park, two newly constructed logistic facilities totaling 262,200 square feet in Orlando, Florida.

JLL represented the seller, Whitley Capital, in the sale to funds managed by Oaktree Capital Management, L.P. ("Oaktree").

International Corporate Park consists of two Class A buildings with a shared truck court and ample parking. Building 1, which offers 143,000 square feet, is a fully leased, rear-load building with 32' clear heights, 35 dock doors and 184 car parking spaces. Building 2 is a 119,200-square-foot, front-load building with 32' clear heights, 22 dock doors and 140 car parking spaces.

Located on 16.5 acres at 8695 Transport Dr., International Corporate Park is just off the Beachline Expressway, which connects with Interstates 95 and 4, the Orlando Beltway (State Route 417) and Florida Turnpike, offering immediate access to major demand drivers and population centers within the state. As a result, the property is positioned to reach 23% of Florida's 21.6 million residents within a 90-minute drive. In addition, the property is 13 minutes from the Orlando International Airport and is near major demand drivers such as Universal Studios Florida, SeaWorld Orlando, Orlando Orange County Convention Center and more.

The JLL Capital Markets and Industrial Brokerage team representing the seller was led by Managing Directors Luis Castillo, Britton Burdette and Joe Hills, Executive Vice President Josh Lipoff and Director Cody Brais.

"We continue to see strong demand from capital sources seeking industrial opportunities in high-growth markets like Orlando," said Castillo. "Oaktree astutely secured this acquisition on a forward basis and will now benefit from even more robust leasing fundamentals."

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 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2022 11:40:08 UTC.


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Financials (USD)
Sales 2022 20 894 M - -
Net income 2022 737 M - -
Net Debt 2022 1 529 M - -
P/E ratio 2022 11,4x
Yield 2022 -
Capitalization 7 678 M 7 678 M -
EV / Sales 2022 0,44x
EV / Sales 2023 0,42x
Nbr of Employees 98 200
Free-Float 90,6%
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 161,76 $
Average target price 217,29 $
Spread / Average Target 34,3%
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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
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