JLL - Jones Lang LaSalle closes $278M sale of grocery-anchored retail portfolio

Jones Lang LaSalle's (NYSE:JLL) Capital Markets announced that it has closed the $278.15M sale of a portfolio comprising eight grocery-anchored retail properties across affluent markets. The portfolio is 88.5% leased with a weighted average lease term of 6.3 years, with 36% of the total space designated as grocery square footage. Tenants include some of the top grocery chains in the U.S., including Ralphs, Target, Whole Foods Market, Giant, Trader Joe's and Sprouts Farmers Market. This portfolio provides geographic diversity, income diversity and tenancy diversity.

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Jones Lang LaSalle closes $278M sale of grocery-anchored retail portfolio