A 147,000-square-foot, world-class, purpose-built life sciences building in Florham Park, New Jersey.
World-class, purpose-built life sciences building net-leased as a premier laboratory space for a clinical-stage biotechnology company for 15 years with an average of 2.5% annual rent increases.
The property houses some of the most advanced laboratory and manufacturing space for cellular medicine and biomaterials in the country stemming from tenant and prior owner-funded building improvements in excess of $80 million.
Located in The Green at Florham Park, a 270-acre master planned mixed-use office park which includes tenants such as BASF’s North American headquarters and the New York Jets training and headquarters facility.
With over 3,200 life science companies, New Jersey is a major biopharmaceutical and drug development hub within the US totaling more than 17 million square feet of research, development and lab space.
You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust. Some of these risks include but are not limited to the following:
This literature contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” and other similar terms, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks, uncertainties, and contingencies include, but are not limited to, the following: our ability to effectively raise capital in our offering; uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; and other risk factors as outlined in our prospectus and periodic reports filed with the Securities and Exchange Commission. Although JLLIPT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. JLLIPT undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in our expectations.
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