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JLL Income Property Trust acquires Midtown Village

PRIVATEAug 27, 2026about 3 hours ago

Acquiring Company

JLL Income Property Trust

Acquired Company

Midtown Village

ChicagoTuscaloosaE CommerceFashionRetail

Description

JLL Income Property Trust has acquired Midtown Village, a shopping center in Tuscaloosa, Alabama, for around $94 million. This retail center features a diverse mix of tenants and is located in a prime commercial area with high foot traffic. The acquisition aligns with JLL's strategy to enhance its retail portfolio. The investment will increase grocery-anchored and necessity-driven retail assets within their portfolio.

Company Information

Company

JLL Income Property Trust

Location

Chicago, Illinois, United States

About

 (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX),Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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Frequently asked

Who acquired Midtown Village?

Midtown Village was acquired by JLL Income Property Trust, based in Chicago. The deal was reported on August 27, 2026. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX),Jones Lang LaSalle Income Property Trust, Inc. JLL Income Property Trust is privately held.

When did JLL Income Property Trust acquire Midtown Village?

JLL Income Property Trust's acquisition of Midtown Village was reported on August 27, 2026. JLL Income Property Trust has acquired Midtown Village, a shopping center in Tuscaloosa, Alabama, for around $94 million. This retail center features a diverse mix of tenants and is located in a prime commercial area with high foot traffic. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Midtown Village do?

Midtown Village is an open-air retail shopping center located in Tuscaloosa, Alabama. The center features a mix of necessity anchor tenants along with complementary apparel, food, and service tenants. It is privately held, operating in E Commerce, and is based in Tuscaloosa.

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