JLL Income Property Trust Acquires Phoenix Area Industrial Facility
1. JLL Income Property Trust acquired Glendale Distribution Center for $140 million. 2. The property is 100% leased to a premier sportswear manufacturer. 3. Lease term exceeds 10 years with annual rent increases of 3.25%. 4. The location in Phoenix is strategically important for industrial growth. 5. Industrial investments comprise 33% of JLL's $6.5 billion portfolio.