DALLAS, April XX, 2022 – JLL Capital Markets announced today that it closed the sale of Innovation Business Park I & II, a two-building, Class A industrial park consisting of 361,467 square feet of logistics space in Hutto, Texas near Austin.

JLL marketed the property on behalf of the sellers, Cigna Realty Investors, Ledo Capital Group, and St. Clair Commercial Real Estate. CenterPoint Properties acquired the asset. Additionally, JLL will continue to lease the project on behalf of the buyer.