JOINT VENTURE TO TARGET INDUSTRIAL ASSETS IN CHICAGO METRO

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CHICAGO — Jones Lang LaSalle's Capital Markets and Industrial Services has arranged a programmatic joint venture equity vehicle between Sitex Realty Group (SRG) and State Teachers Retirement System of Ohio, which will seek to acquire more than $140 million of industrial real estate over the next two years. Slated to begin June 1, the venture will target the Chicago, New Jersey and New York metro regions for its acquisitions. SRG will lead and operate the new venture. James Tramuto, Keith Stauber, John Huguenard, Dave Hendrickson and Sean Devaney led the Jones Lang LaSalle team in the transaction.

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