JLL Income Property Trust Acquires Westbury Square Retail Center in Huntsville, Alabama

JLL Income Property Trust (NASDAQ: ZIPTAX), a leading daily NAV REIT managing approximately $7 billion in equity and debt investments, has announced the strategic acquisition of Westbury Square, a prime retail center located in Huntsville, Alabama. The purchase, valued at around $32 million, enhances the Trust's retail portfolio.

Details of the Acquisition

Westbury Square is a community retail center that spans approximately 115,000 square feet and is fully leased to a diverse range of tenants, including two established national retailers. The current weighted average lease term for these tenants is six years, indicating strong commitment and stability.

Situated in the well-established South Huntsville submarket, the property benefits from high visibility on a major thoroughfare and is in close proximity to key amenities, such as hospitals, parks, and schools, which significantly contribute to customer traffic. The Huntsville area has seen ongoing economic development particularly in the aerospace, defense, and advanced manufacturing sectors, solidifying its position as an economic engine for Northern Alabama.

Strategic Importance of Westbury Square

"Westbury Square is a strategic addition to our retail portfolio," stated Allan Swaringen, President and CEO of JLL Income Property Trust. "As core real estate investors, we target retail centers with strong demographics, favorable operating fundamentals, and credit-worthy tenant lineups. Westbury Square has a strong tenant roster with impressive tenure and is well-positioned in a submarket with limited vacancy, making it an attractive investment for us."

JLL Income Property Trust's Retail Portfolio

Since its inception in 2012, retail real estate has played a crucial role in the JLL Income Property Trust portfolio. As of November 30, 2025, retail investments account for 12% of the Trust's total assets, which include $765 million across 15 retail properties. This recent acquisition further solidifies the Trust's commitment to quality retail investments.

About JLL Income Property Trust

JLL Income Property Trust, Inc. (NASDAQ: ZIPTAX) manages a diverse portfolio of income-generating properties, including residential, industrial, grocery-anchored retail, healthcare, and office spaces throughout the United States. The Trust continues to explore opportunities for portfolio diversification, aiming for both domestic and global expansion.

Contact Information

For further inquiries, please contact:

• Michael Gelobter
• LaSalle Investment Management
• Email: [email protected]
• Telephone: +1 646 722 6530
• Doug Allen
• Dukas Linden Public Relations
• Email: [email protected]