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News release


JLL Closes Sale of Sobeys Québec Headquarters for $29 million

Food retailer completes sale of two industrial sites in Montréal

​Montréal, June 17, 2015 — JLL today announced it has secured the sale of Sobeys Québec headquarters for $29.15 million. The 551,000 square-foot industrial property is located at 11281 Albert-Hudon in Montréal-North and joins the sale of another 188,000 square-foot building in Rouyn-Noranda.

Both properties were represented by JLL and owned by Sobeys Inc. entities. Members of the JLL team include Stéphane Robillard, Erik Charton, Peter Mouhteros and Victoriya Gouchtchina.

"These sales highlight a larger trend happening in the Greater Montréal Area's industrial sector," said Stéphane Robillard, Vice President of JLL's Industrial and Logistics group in Montréal. "We have seen an increase in the number of companies divesting of their real estate holdings and investing towards bottom line growth in core operations."

Sobeys, based in Stellarton, Nova Scotia, is the second largest food retailer in Canada and features more than 1,500 supermarkets operating under different banners. At the time of transaction, the industrial site at 11281 Albert-Hudon had a vacancy rate of 48 percent, with Sobeys occupying 52 percent of the space which it has leased back from the new owner

"Our ultimate goal is always to surpass our client's expectations," said Robillard, "In this case, partial-leaseback gave both the buyer and the seller the best of both worlds with a solution that worked for them."

JLL is Canada's fastest growing commercial real estate firm. JLL has two offices in Toronto, with the headquarters located downtown. The firm also operates in, Mississauga, Montreal, Ottawa, Vancouver, Calgary and Edmonton. JLL manages more than 50 million square feet of facilities across Canada. The firm offers tenant and landlord representation, project and development services, investment sales, occupier strategies and solutions, advisory and appraisal services, debt capital markets and integrated facilities management services to owners and tenants in Canada.

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 $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 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