JLL Income Property Trust Acquires Huntsville Alabama Retail Center
JLL Income Property Trust Expands Retail Portfolio with $32 Million Acquisition
Chicago, Jan. 7, 2026 — JLL Income Property Trust has announced the acquisition of Westbury Square, a fully leased community retail center in Huntsville, Alabama, for approximately $32 million. Covering around 115,000 square feet, the property features a diverse tenant mix, including two national retailers, and boasts a weighted average lease term of six years. Strategically located in South Huntsville, the center benefits from high visibility and proximity to key local amenities, making it a vital hub for neighborhood traffic.
Allan Swaringen, President and CEO of JLL Income Property Trust, cited Westbury Square as a strategic addition to the firm’s retail portfolio, designed to capitalize on strong demographics and favorable operating conditions. The growing Huntsville area has become a hub for aerospace, defense, and advanced manufacturing, driving economic growth and attracting new residents with its affordable living and employment opportunities.
Since its inception in 2012, retail investments have been a significant component of JLL Income Property Trust’s offerings, representing 12% of its $7 billion portfolio as of November 30, 2025. The firm aims to further diversify its real estate investments over time, with plans to expand its presence globally. JLL Income Property Trust continues to focus on high-quality, income-producing properties across various sectors, which are managed by LaSalle Investment Management, a leading global real estate investment firm.
Read the complete article here: https://www.prnewswire.com/news-releases/jll-income-property-trust-acquires-huntsville-alabama-retail-center-302654314.html
