JLL Income Property Trust, a daily NAV REIT managed by JLL with approximately $7 billion in equity and debt investments, has completed the acquisition of Westbury Square in South Huntsville, Alabama, for roughly $32 million. The 115,000-square-foot community retail center is fully leased to a diverse roster of tenants, including two national value-oriented retailers, and carries a weighted average lease term of six years. Situated on a primary thoroughfare adjacent to hospitals, parks and schools, the property benefits from stable traffic drivers and direct access for both eastbound and westbound commuters.

Since its inception in 2012, retail assets have comprised a core component of JLL Income Property Trust’s strategy. As of November 30, 2025, retail holdings accounted for 12% of the Trust’s $7 billion portfolio, representing $765 million invested across 15 properties. The addition of Westbury Square strengthens the Trust’s exposure to grocery-anchored and community-oriented retail, a segment characterized by historically low vacancy rates and resilient consumer demand in Sun Belt markets.

Jones Lang LaSalle has expanded its long-standing relationship with Altus Group by renewing its global license for ARGUS Intelligence, the latest iteration of the industry’s leading valuation and performance management platform. Under an asset-based licensing model, JLL’s Capital Markets & Investment Services teams will deploy ARGUS Intelligence across key markets worldwide. The agreement also paves the way for potential adoption of Altus’ Benchmark Manager and Portfolio Manager modules, complementing JLL’s existing use of Forbury for scenario cash-flow modelling in Australia.

By integrating ARGUS Intelligence into its global valuation workflow, JLL aims to standardize data-driven decision-making across more than 80 offices in the Americas, EMEA and Asia Pacific. The partnership supports JLL’s objective to enhance analytics capabilities, reduce turnaround times on client deliverables and deepen insights into portfolio performance. Combined with ongoing retail acquisitions, these initiatives underscore JLL’s commitment to leveraging advanced technology and targeted asset allocations to drive growth in its fee-based advisory and investment management businesses.