JLL Income Property Trust, an institutionally managed daily NAV REIT with approximately $7 billion in portfolio equity and debt investments, has acquired Westbury Square, a 115,000-square-foot community retail center in South Huntsville, Alabama, for approximately $32 million. The 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. Positioned on a major thoroughfare near hospitals, parks and schools, Westbury Square benefits from strong local traffic and limited vacancy in its submarket. With Huntsville’s economy powered by aerospace, defense and advanced manufacturing growth, the acquisition aligns with JLL IPT’s strategy of targeting retail assets in markets exhibiting robust demographic trends and favorable operating fundamentals. As of November 30, 2025, retail assets represented 12% of the Trust’s holdings, totaling $765 million across 15 retail properties.

Jones Lang LaSalle has renewed and expanded its global licensing agreement with Altus Group to deploy ARGUS Intelligence across its Capital Markets & Investment Services divisions. This extension builds on the firm’s existing use of Altus’ Forbury platform in Australia, and now includes an asset-based licensing model for ARGUS Intelligence’s valuation, performance management, analytics and benchmarking tools. JLL is also evaluating the Benchmark Manager and Portfolio Manager add-ons to enhance scenario cash-flow analysis and portfolio optimization worldwide. The agreement underscores JLL’s commitment to leveraging advanced CRE intelligence solutions to support its valuation processes and deliver consistent, data-driven insights to clients across key markets.