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CHICAGO, Jan. 20, 2021 /PRNewswire/ JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with a portfolio valued at more than $3.3 billion, announced today the completion of multiple long-term lease extensions with investment grade tenants in its portfolio of 12 grocery-anchored shopping centers diversified across nine different states.
(PRNewsfoto/JLL Income Property Trust) One of the primary ways that JLL Income Property Trust generates predictable, attractive income for distribution to stockholders is through long-term lease agreements with higher credit tenants. We also continually strive to lengthen the weighted average lease term of the overall portfolio, said Allan Swaringen, President and CEO of JLL Income Property Trust. Negotiated during the depths of the pandemic, these two lease extensions highlight the relative stability and attractiveness of this high performing sub
Newly published plans aim to guide and encourage future development in Roanokeâs Oak Grove area.
Planners from Roanoke and Roanoke County partnered in 2018 to study 173 acres along a shared commercial corridor where city and county borders meet at Virginia 419, or Electric Road, in the Oak Grove neighborhood, said Roanoke County Planning Director Philip Thompson.
âThe study area is fairly small, and itâs mainly confined to the commercial area of Oak Grove,â Thompson said. âWe work well with the city. This is kind of our first joint planning effort together.â
Findings from the Oak Grove area study, including input from more than 1,300 members of the public, were compiled since 2018 into 185 pages and published on Roanoke Countyâs website last week as the draft Oak Grove Center Plan, pending a vote of approval by elected officials.