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JONES LANG LASALLE INCORPORATED

(JLL)
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175.65 USD   -4.99%
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Jones Lang LaSalle Incorporated : Two-property Myrtle Beach boutique office portfolio sells

11/30/2022 | 09:43am EST

CHARLOTTE - November 30, 2022 - JLL Capital Markets announced today that it has completed the sale of Two Founders & Three Corporate Centre, two boutique office properties totaling 80,504 square feet in Myrtle Beach, South Carolina.

JLL represented the seller.

Two Founders is located on 3.66 acres at 611 Burroughs and Chapin Blvd. Three Corporate Centre occupies a 3.01-acre site at 2024 Corporate Centre Dr. Both properties offer tenants easy access to Downtown Myrtle Beach and the area's two major thoroughfares, Highways 17 and 501. Myrtle Beach, which has been ranked as one of the fastest growing cities in the Southeast, has a growing business district that is currently home to more than 25 international companies.

Two Founders and Three Corporate Centre were completed in 2003 and 2002, respectively. The diverse rent roll is represented by companies in the technology, engineering, healthcare, tourism and financial services industries, among others.

The JLL Capital Markets team representing the seller was led by Director Daniel Flynn, Senior Managing Director Ryan Clutter and Analyst Sarah Holloway.

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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

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Jones Lang LaSalle Inc. published this content on 30 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2022 14:42:11 UTC.


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Financials (USD)
Sales 2022 20 831 M - -
Net income 2022 721 M - -
Net Debt 2022 1 529 M - -
P/E ratio 2022 13,1x
Yield 2022 -
Capitalization 8 774 M 8 774 M -
EV / Sales 2022 0,49x
EV / Sales 2023 0,48x
Nbr of Employees 98 200
Free-Float 90,6%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 184,87 $
Average target price 200,71 $
Spread / Average Target 8,57%
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Managers and Directors
Christian Ulbrich President, Chief Executive Officer & Director
Barbara Cominelli CEO
Karen Brennan Chief Financial & Investment Officer
Siddharth N. Mehta Chairman
Allan Frazier Global Chief Information Officer
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