JLL Income Property Trust has acquired Westbury Square, a community retail center in South Huntsville, Alabama, for approximately $32 million. The 115,000-square-foot property is fully leased to a diverse mix of tenants, including two national value-driven retailers, and carries a weighted average lease term of six years. Situated on a major thoroughfare near hospitals, parks and schools, Westbury Square benefits from strong local traffic patterns and limited vacancy in the submarket. This transaction increases the Trust’s retail exposure to 12% of its roughly $7 billion portfolio, representing $765 million in assets across 15 retail properties as of November 30, 2025. JLL Income Property Trust’s President and CEO, Allan Swaringen, highlighted the center’s favorable demographics, creditworthy tenant lineup and stable operating fundamentals as key drivers of the investment decision.

Jones Lang LaSalle has renewed and expanded its partnership with Altus Group to deploy ARGUS Intelligence across its Capital Markets & Investment Services businesses worldwide. Under the new asset-based licensing model, JLL will integrate ARGUS Intelligence for its core valuation workflows in key markets and is evaluating advanced performance analysis tools, including Benchmark Manager and Portfolio Manager. The firm also continues to leverage Altus’ Forbury scenario cashflow modelling platform in Australia. Rich Sarkis, Chief Commercial Officer at Altus Group, noted that the enhanced agreement will strengthen JLL’s global valuation processes and support consistent service delivery for its institutional client base.