2660 REDEVELOPMENT OPPORTUNITY FOUNTAIN VIEW DRIVE HOUSTON, TEXAS
DOWNTOWN HOUSTON MEMORIAL PARK SOUTH
GALLERIA
WESTHEIMER ROAD
Building Size ±51,527 SF Land Size ±4.91 Acres FOUNTAIN VIEW DR
MEMORIAL
OFFERING MEMORANDUM LAND SIZE ±4.91 Acres, Building Size ±51,527 SF Offering Memorandum 2660 Fountain View Dr
OVERVIEW The following investment summary outlines an investment Prime Location opportunity to acquire the ±4.91 acres at the northwest corner The property sits at a premier Houston intersection of of Westheimer and Fountain View. The building size is Westheimer and Fountainview and will directly benefit from ±51.527 SF and was previously occupied by HEB grocery close proximity to the Galleria, an urban community of store. international prominence in the heart of Houston. It offers a unique blend of prestigious business and residential The property is located in the Uptown/Galleria District of addresses with strong home values as well as rental and Houston and poses remarkable opportunity to develop in a occupancy rates, with the best shopping, hotels, dining and world class submarket in the most global city in the Southern entertainment. U.S. Westheimer and Fountain View are major arteries for the area. Immediate Galleria Access Central to the Uptown/Galleria submarket, the Property INVESTMENT HIGHLIGHTS offers immediate access to 500 acres of development, Economic Stability - Solid Drivers including 28 million SF of office and over 5 million of retail Located within the Houston-Galveston-Brazoria Consolidated space, 7,800 hotel rooms, and a daytime population of Metropolitan Statistical Service Area (CMSA), the Property 200,000. resides in the fifth largest metropolitan area in the United States, with an area of 8,778 square miles and a population For more information, contact: of approximately 6.4 million people. The area is projected to increase between 6.93 and 7.44 million by 2020. 2660 Simmi Jaggi Elizabeth Clampitt JLL | Land Services Senior Vice President Vice President 1400 Post Oak Boulevard FOUNTAIN 713.888.4098 713.888.4075 Suite 1100 2660VIEW [email protected] [email protected] Houston, Texas 77056 FOUNTAIN The information contained herein is obtained from sources believed to be reliable. However, Jones Lang LaSalle makes no VIEW DRIVE guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is Offering Memorandum DRIVE submitted subject to errors, omissions, change or price or conditions, and is subject to prior sale, lease or withdrawal without notice. HOUSTON, TEXAS TEXAS GALLERIA WILLIAMS TOWER
GALLERIA MALL
INVESTMENT HIGHLIGHTS Zoning Traffic Counts Subject property is located in the City of Houston which does not have zoning. Intersection Vehicles Per Day Fountain View north of Westheimer 19,230 Demographics Fountain View south of Westheimer 28,430 2015 Estimate 1 Mile 3 Miles 5 miles Westheimer west of Fountain View 71,000 Population 32,615 207,850 490,304 Westheimer east of Fountain View 60,870 Avg. Household Income $78,961 $96,320 $102,732 2013 average daily traffic counts. Median Age 34.3 34.0 35.0
WESTHEIMER ROAD Source: US Census Bureau. 2015 Esri forecast. FOUNTAIN VIEW DR OFFERING TERMS Price 2660 Fountain View is being offered without an asking price. 2660 Fountain View Dr Buyers should base their offers on an “as is and where is” condition of the property.
Offer Due Date March 23, 2016 at 5:00 PM CST (Central Standard Time).
Brokerage Commission There is an outside broker fee available of 0.05% of the sales 2660 price for an approved buyer. FOUNTAIN VIEW DRIVE Offering Memorandum HOUSTON, TEXAS NEW DEVELOPMENT The Hudson 431-unit Luxury MEMORIAL Residential Community
FOUNTAIN VIEW DR
2660 Fountain View Rd Land Size ±4.91 ACRES NEW HEB SHOPPING Buidling Size CENTER DEVELOPMENT ±51,527 SF Tanglewood Court Shopping Center
FOUNTAIN VIEW DR
NORTH
WESTHEIMER ROAD
2660SOUTH FOUNTAIN FOUNTAIN VIEW DR VIEW DRIVE Offering Memorandum HOUSTON, TEXAS 8 9 AREA OVERVIEW
The Galleria Market has over 5 million square feet With more than 180,000 residents within a 3 mile radius, of retail space and serves as the city’s most popular the Uptown/Galleria district features a variety of housing shopping destination. With a daytime population of options including apartments, high rises, town homes and 220,000 and 26 million square feet of commercial office single-family residences to accommodate a diverse base space, Uptown is one of the nation’s largest business of residents. districts and home to approximately 2,000 companies, including 3D/International, AON Risk Services of Texas, Inc., Apache Corporation, BHP Billiton, Bechtel Corporation, CBRE, Clear Channel, Dow Chemical, Duke Energy, General Electric, Hines, JLL, Litton Loan Servicing, Marathon Oil Corporation, NextiraOne, LLC, Panhandle Pipeline Co., Schlumberger, Stewart Title Guaranty Company, Telecheck International, Inc., GDF Suez Energy Resources NA, and Williams Companies. Uptown holds the city’s largest concentration of hotels that accommodate nearly 20 million visitors each year.
With $1 billion in new commercial activity planned and underway for the next five years, the area seamlessly blends office, retail, hotel, entertainment and residential development into a dynamic mixed-use urban center. Uptown/Galleria offers five million square feet of retail space that is celebrated worldwide as an international fashion marketplace. The area boasts 1,000+ retail stores including the Galleria, Houston’s top shopping destination, which has more than 375 upscale stores and restaurants and attracts more than 30 million visitors annually. The 2.4 million square foot property is now the fourth largest retail center in the nation. As a result, the area benefits with approximately $3.63 billion in retail sales annually, the highest volume of any Houston retail shopping district.
The Uptown/Galleria area’s 34 first-class, full-service hotels also comprise one of Houston’s top hotel districts. With more than 7,800 hotel rooms, representing more than 10% of the city’s inventory, the area accommodates leisure and business travelers with a variety of business- class hotels to premier luxury lodging. This abundance 2660 of hotel accommodations enables the area to host more FOUNTAIN than 30 million visitors from around the world each year. The Uptown/Galleria’s hotels also generate approximately VIEW $313 million of Harris County’s total taxable lodging 2660 revenue, which is more than twice the lodging revenue of FOUNTAINDRIVE Area Overview any other Houston commercial district. VIEW HOUSTON,DRIVE TEXAS Offering Memorandum HOUSTON, TEXAS AREA OVERVIEW Super Demographics 2660 Houston’s Uptown/Galleria district is widely renowned Houston’s overall after-taxes living costs are 9% below the FOUNTAIN as a hub for local commerce, and it also is increasingly nationwide average, giving Houstonians more disposable becoming one of the city’s most popular residential income than residents in many major metropolitan areas VIEW districts. More than 20,500 people reside within one across the country, which may partially account for mile of the District, which represents a significant Houstonians eating out more than residents of any other DRIVE population growth of 27% since 2000. Reflective of the city. Nearly 40 percent of all adults have completed four area’s sustained popularity and continued demand, this years of college, surpassing the national average; outside HOUSTON, TEXAS population is projected to increase to between 6.93 and of Boston, Houston has one of the highest aggregate 7.44 million by 2020. numbers of college graduates in the United States.
Approximately 189,000 people live within three miles of In addition to being geographically desirable to Uptown, the intersection of Post Oak Blvd. and Interstate 610, with Midtown, Downtown and high affluent residential over 235,000 cars per day traveling along Interstate Loop neighborhoods, 610 at Post Oak is also located within 10 610 and nearly 300,000 cars per day traveling along U.S. miles of The Texas Medical Center, the largest medical Highway 59 (Southwest Freeway), a major advantage for complex in the world, which employs more than 106,000 Building Size tenants desiring freeway access/visibility. The average people and handles more than 7 million patient visits each ±51,527 SF Land Size housing value within three miles of the property is in year. Also nearby, Houston’s Museum District attracts ±4.91 Acres excess of $543,000. more than 7 million visitors each year. FOUNTAIN VIEW DR With approximately of 30,000 residents, the Uptown/ Galleria district features a variety of housing options including apartments, high rises, town homes and single- family residences to accommodate a diverse base of residents. Since 2006, 10 residential towers have been delivered to the Galleria/Uptown district. These properties are currently 93% occupied with prices ranging from $150,000 to $4 million per unit.
WESTHEIMER ROAD
2660 FOUNTAIN VIEW DRIVE Offering Memorandum HOUSTON, TEXAS DOWNTOWN HOUSTON
NORTH MEMORIAL PARK SOUTH WILLIAMS TOWER
GALLERIA GALLERIA MALL
SAN FELIPE RD
WESTHEIMER ROAD
NEW DEVELOPMENT The Hudson 2660 Fountain View Rd 431-unit Luxury Land Size Residential Community ±4.91 ACRES Buidling Size ±51,527 SF NEW DEVELOPMENT 2626 Fountain View Alliance
FOUNTAIN VIEW DRIVE FOUNTAIN VIEW DRIVE
WESTHEIMER ROAD
NEW HEB SHOPPING CENTER DEVELOPMENT Tanglewood Court Shopping Center 2660 NANTUCKET DR FOUNTAIN VIEW DRIVE MEMORIAL Offering Memorandum HOUSTON, TEXAS AREA OVERVIEW AREA OVERVIEW AreaArea Overview Overview Recent Developments Recent Developments TheAreaRecent Uptown/Galleria Overview Developments submarket has long been known for its extensive offering of best-in class amenities. Anchored alongThe Uptown/Galleria Westheimer submarket Road and has Post long beenOak knownBoulevard, for its extensive the area offering is an urbanof best-in-class community amenities. of exceptional Anchored along sophistication, Westheimer Road style and RecentThe Uptown/Galleria Developments submarket has long been known for its extensive offering of best-in-class amenities. Anchored along Westheimer Road and andPost internationalOak Boulevard, theprominence. area is an urban The communitylong-term of performance exceptional sophistication, of this amenity-rich style and international neighborhood prominence. is bolstered The long-term by a sustainedperformance Post Oak Boulevard, the area is an urban community of exceptional sophistication, style and international prominence. The long-term performance demandof thisThe amenity-richUptown/Galleria for new developmentsneighborhood submarket ishas bolstered among long been bybusinesses knowna sustained for its anddemand extensive residents for offeringa new alike. developments of best-in-class among amenities. businesses Anchored and residents along Westheimer alike. Road and of this amenity-rich neighborhood is bolstered by a sustained demand for a new developments among businesses and residents alike. Post Oak Boulevard, the area is an urban community of exceptional sophistication, style and international prominence. The long-term performance SomeSomeof thisof of the amenity-richthe most most prominent prominent neighborhood area amenities area is bolstered amenities are profiled by a are sustained below. profiled demand below. for a new developments among businesses and residents alike. Some of the most prominent area amenities are profiled below.
Some of the most prominent area amenities are profiled below.
Tanglewood Court Tanglewood Court This mixed use redevelopment is located at the Southeast corner of San Felipe and Fountain View in the Galleria area of Houston, TX. Tanglewood This mixed use redevelopment is located at the Southeast corner of San Felipe and Fountain View in the Galleria area of Houston, TX. Tanglewood CourtTanglewood will feature anCourt 80,000 SF HEB Grocery Store, 32,000 SF of retail, restaurants and service uses. The grand opening is scheduled for 3Q 2014. CourtTanglewood will feature anCourt 80,000 SF HEB Grocery Store, 32,000 SF of retail, restaurants and service uses. The grand opening is scheduled for 3Q 2014. ThisThe mixedmixed-use use redevelopment redevelopment is located is locatedat the Southeast at the Southeastcorner of San corner Felipe and of SanFountain Felipe View and in the Fountain Galleria area View of Houston,in the Galleria TX. Tanglewood area of CourtHouston, will feature TX. Tanglewood an 80,000 SF HEBCourt Grocery features Store, an 32,000 80,000 SF ofSF retail, HEB restaurants Grocery andStore, service 32,000 uses. SF The of grand retail, opening restaurants is scheduled and for service 3Q 2014. uses.
2626 Fountain View 2626 Fountain View The2626 distinctive Fountain beauty View of 2626 Fountain View reflects the sophistication and style of this renowned neighborhood. These The distinctive beauty of 2626 Fountain View reflects the sophistication and style of this renowned neighborhood. These new one- and two-bedroom newThe one- distinctive and two-bedroom beauty of 2626 Fountainapartment View homes reflects offerthe sophistication refined finishes and style andof this an renowned array of neighborhood. modern amenities. These new Withone- aand unique two-bedroom blend apartment2626 Fountain homes offer View refined finishes and an array of modern amenities. With a unique blend of prestigious addresses and the best shopping, of prestigiousapartment homes addresses offer refined and finishes the best and shopping,an array of modern dining amenities. and entertainment With a unique in blend the city,of prestigious life at 2626 addresses Fountain and the View best isshopping, certain diningThe anddistinctive entertainment beauty inof the2626 city, Fountain life at View2626 reflectsFountain the View sophistication is certain to and be asstyle convenient of this renowned as it is luxurious. neighborhood. The apartment These new homes one- andoffer two-bedroom Custom to bedining as andconvenient entertainment as itin isthe luxurious. city, life at The2626 apartment Fountain View homes is certain offer to beCustom as convenient Hardwood as it is Style luxurious. Flooring, The apartment granite homescountertop offer Custom Hardwoodapartment Style homes Flooring, offer granite refined countertop finishes and selections, an array offull-size modern washer amenities. and dryer,With a spacious unique blend walk ofin prestigiousclosets*, and addresses a walk in and shower*. the best Clubhouse shopping, selections,Hardwood Stylefull-size Flooring, washer granite and countertop dryer, spacious selections, walk-in full-size closets*,washer and and dryer, a walk-inspacious shower*.walk in closets*, Clubhouse and a walk amenities in shower*. include Clubhouse amenitiesdining andinclude entertainment elegant Clubroom in the city, with life Catering at 2626 Kitchen, Fountain 24/7 View Athletic is certain Center to beoutfitted as convenient with Cardio as it Theatre, is luxurious. Free TheWeights, apartment Individual homes Weight offer Custom elegantamenities Clubroom include elegant with Catering Clubroom withKitchen, Catering 24/7 Kitchen, Athletic 24/7 Center Athletic outfitted Center outfitted with withCardio Cardio Theatre, Theatre, FreeFree Weights,Weights, Individual Individual Weight Weight MachinesHardwood and Style Expresso Flooring, Bike granitefeaturing countertop Interactive selections, Display Board, full-size Professional washer and Spinning dryer, spaciousFacility available walk in closets*,for Reservation, and a walk Executive in shower*. Business Clubhouse Lounge MachinesMachines andand ExpressoExpresso Bike Bike featuring featuring Interactive Interactive Display Board,Display Professional Board, Professional Spinning Facility Spinning available Facilityfor Reservation, available Executive for Reservation, Business Lounge withamenities Wi-Fi Access include and elegant Outdoor Clubroom Lounge with CateringComfort SeatingKitchen, and 24/7 Media Athletic Space Center outfitted with Cardio Theatre, Free Weights, Individual Weight Executivewith Wi-Fi Business Access and Lounge Outdoor Loungewith Wi-Fi with AccessComfort Seating and Outdoor and Media Lounge Space with Comfort Seating and Media Space. Machines and Expresso Bike featuring Interactive Display Board, Professional Spinning Facility available for Reservation, Executive Business Lounge TheThe Hudson Hudson The Hudson with Wi-Fi Access and Outdoor Lounge with Comfort Seating and Media Space TheThe 431-unit 431-unit complex, complex, called The called Hudson, The will Hudson, be developed is currently by Zom Texas, being the developed Dallas-based by regional Zom Texas, affiliate the of Orlando-based Dallas-based Zom. regional The Hudson affiliate The 431-unit complex, called The Hudson, will be developed by Zom Texas, the Dallas-based regional affiliate of Orlando-based Zom. The Hudson willofThe be Orlando-based on Hudson 5.3 acres located Zom. at Fountain The Hudson View Drive is located and San onFelipe 5.3 Street, acres adjacent located to atTanglewood Fountain Court. View The Drive Hudson and will San be Felipea five-story Street, building adjacent will be on 5.3 acres located at Fountain View Drive and San Felipe Street, adjacent to Tanglewood Court. The Hudson will be a five-story building surroundingtoThe Tanglewood 431-unit three complex, landscaped Court. called Thecourtyards, The Hudson Hudson, and iswill will a be five-storyalso developed include abybuilding seven-level Zom Texas, surrounding parking the Dallas-based garage. three Amenities landscapedregional will affiliate include courtyards, of Orlando-basedan e-lounge, and golf Zom.also simulator, includesThe Hudson a surrounding three landscaped courtyards, and will also include a seven-level parking garage. Amenities will include an e-lounge, golf simulator, fitnesswill becenter, on 5.3 dog acres park located and pet at salon. Fountain View Drive and San Felipe Street, adjacent to Tanglewood Court. The Hudson will be a five-story building seven-levelfitness center, parkingdog park garage.and pet salon. Amenities will include an e-lounge, golf simulator, fitness center, dog park and pet salon. surrounding three landscaped courtyards, and will also include a seven-level parking garage. Amenities will include an e-lounge, golf simulator, 2660 fitness center, dog park and pet salon. FOUNTAIN VIEW 16DRIVE Offering Memorandum 17 HOUSTON,16 TEXAS 17
16 17 HOUSTON OVERVIEW
The Houston Metropolitan Statistical Area (MSA) Highly regarded as a business-friendly destination for encompasses 10 counties and 10,062 square miles, Corporate America, the city of Houston ranks second boasting an economy that produces more goods and nationwide (trailing only New York City) with 26 Fortune services than all but 21 nations worldwide. Houston is 500 company headquarters. As a result, Houston has the fourth most populous city in the nation, trailing only received numerous national accolades including recent New York, Los Angeles and Chicago, and is the largest recognition by Site Selection Magazine as the number in the southern U.S. and Texas. Houston is also the one metro area in the nation for corporate location, fastest growing metro area in the nation (adding more relocation and expansion. This is the third time in four than 1.2 million residents from 2000 through 2010) with years the Houston metro area has taken the top spot, the nation’s second youngest median age among large logging 325 new and expanded facilities to garner the metropolitan areas in the United States. Historically the honor. This ranked Houston ahead of second-place heart of the global energy business, Houston’s title of Chicago, which had 311 projects, and third-place Dallas/ “Energy Capital of the World” has been firmly secured Fort Worth with 224 projects. The culmination of these by the continued growth and expansion throughout this attributes makes Houston a highly desirable location for critical industry. existing businesses.
Houston is home to the Texas Medical Center (located 5 Houston: An International and Cosmopolitan City miles southeast of the Site) that has an annual economic Houston is an international, entrepreneurial, diverse, impact of $14 billion and employs approximately 82,200 cosmopolitan city where no one ethnic or racial group healthcare professionals. Texas Medical Center also is holds a majority, in which 92 countries have consular an academic center of the Southwest with more than offices in Houston (the third highest in the nation), and 360,000 students enrolled in local universities, colleges more than 90 languages are spoken throughout the and institutions. Additionally, Houston is home to 413 Houston area. Houston has a Theater District second only chemical plants employing over 33,100 people, more to New York City with its concentration of seats in one than 300 electronics manufacturing plants employing over geographic area. Located downtown, the 17-block Theater 27,500, more than 250 software development companies District is home to eight performing arts organizations employing in excess of 50,000, and over 67,000 with more than 12,000 seats. In addition, Houston has a engineers and architects employed at more than 1,900 unique Museum District) offering a range of museums, firms. Houston also is home to the 1,650-acre NASA galleries, art and cultural institutions, including the City’s Johnson Space Center (25 miles southeast of Highland major museums. Houston has more than 500 cultural, Village) that has an annual economic impact of $4.5 billion visual and performing arts organizations, 90 of which are and employs approximately 14,000 engineers, scientists devoted to multicultural and minority arts and is one of five and administrative personnel. Additionally, Houston is U.S. cities that offer year-round resident companies in all the birthplace of nanotechnology and the Texas leader in major performing arts. plastic and resins with 47 plants located within the MSA and more than 235 manufacturing establishments for plastic and rubber products.
Houston offers its residents and businesses high quality- of-life attributes including a low cost structure, no state income tax, abundant tax incentives, ample cultural and recreational resources, quality public education, good weather and easy access to public services. Additionally, 2660 Houston workers are paid more than the national and the state on average. According to a recent Occupational FOUNTAIN and Employment Statistics release by the U.S. Bureau of Labor Statistics (BLS), the average wage paid to Houston VIEW workers is 5% higher than the national average and 2660 10.2% higher than the Texas average. FOUNTAINDRIVE Houston Overview VIEW HOUSTON,DRIVE TEXAS Offering Memorandum HOUSTON, TEXAS Houston: A High End Shopping Destination TMC is the largest medical center in the world and has Houston is home to a number of high end luxury retail more than 7.1 million patients visit annually, of which centers all of which contribute to Houston’s well-deserved approximately 16,000 are international patients. TMC is reputation as a fertile ground for high end luxury retail. situated on 1,300 acres just outside downtown Houston Luxury retail is thriving in Houston and is expected to and is comprised of 280 buildings—including 21 academic continue with a number of luxury retailers having recently institutions and 14 hospitals—totaling 45.5 million gross made their Texas debuts in Houston over the past few square feet of patient care, education and research space. years. The strength of the energy industry in Houston Together TMC’s 51 member institutions employ more coupled with the excellent population growth should attract than 92,500 people, making it Houston’s second-largest additional luxury retailers to Houston. While a number of employer outside of the CBD. Texas Medical Center has big-box chains are downsizing nationally, the number of a regional annual economic impact of $14 billion, with luxury retailers in Houston has been getting larger. The another $7.1 billion approved for building and infrastructure geographic heart of Houston luxury retail is Uptown District improvements that were initiated in 2008. and the western portion of the Inner Loop area of Houston, which includes the Highland Village Shopping Center, the Houston’s Cost Advantages Galleria, Uptown Park, BLVD Place, River Oaks Shopping Houston has a superior reputation worldwide for being a Center, Upper Kirby District, Rice Village and West Ave. business-friendly destination for corporations and their employees. The lack of state and city taxes on personal Houston’s Young, Well-Educated, and corporate income and some of the lowest housing and Expanding Population living costs within the top 20 major U.S. metro areas are In addition to its exceptional population growth, the among the many motivations for businesses to reside in Houston metro area also boasts a young and well- Houston. Additionally, the city’s central location and superb educated population base. According to the Census transportation infrastructure further enhance Houston’s Bureau’s American Community Survey, Houston has the appeal to local, national and international companies with second-youngest median age among large metropolitan an interest in logistical efficiency. areas in the United States. Houston is the fourth-largest city in the United States with a population of 2.3 million Local office rents also remain among the most competitive people, while the Houston MSA is now the fifth-most of major U.S. cities. Houston is the nation’s sixth-largest populous metro area with 6.4 million residents. During office market, and the city ranks second nationally with the last decade, Houston was the fastest growing metro 26 Fortune 500 headquarters. More than one-half of area in the United States, adding more than 1.2 million the world’s largest non-U.S. based corporations have residents. According to a study by the Kinder Institute major non-retail operations here. Houston also has a for Urban Research, this growth represents more people strong international presence as over 3,500 firms and than the population growth in the New York and Chicago organizations report business dealings in over 200 metropolitan areas combined during the past decade. countries worldwide. Houston ranks second in the nation Houston has capitalized on its proximity to Latin America, in terms of available convention/special event space, with its emergence as a major destination for immigrants from more than 2.5 million square feet of convention facilities. around the world, the area’s pro-business policies, low cost of living.
Texas Medical Center The healthcare industry continues to be another significant economic driver in Houston, adding 9,600 local jobs on average within the past 5 years, representing a growth rate of 6.5%. The epicenter of Houston’s healthcare presence is the internationally recognized Texas Medical Center (TMC).
2660 FOUNTAIN VIEW DRIVE Offering Memorandum HOUSTON, TEXAS 2660 FOUNTAIN VIEW DRIVE HOUSTON, TEXAS
For more information, contact: Simmi Jaggi Senior Vice President 713.888.4098 [email protected]
Elizabeth Clampitt Vice President 713.888.4075 [email protected]
JLL | Land Services 1400 Post Oak Boulevard Suite 1100 Houston, Texas 77056
About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com. OFFERING MEMORANDUM LAND SIZE ±4.91 Acres, Building Size ±51,527 SF