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PHOENIX, June 25, 2012 – Due to client demand, Jones Lang LaSalle's Phoenix office has hired Arizona industry veteran Jackie Hines, CCIM, CPM® as Vice President of Property Management. In her new role, Hines will oversee and support Jones Lang LaSalle’s Phoenix property management teams.
Under the leadership of Managing Director of Property Management for the Southwest Region Michael Prabhu, Hines will also support business development. In the past 30 days, Jones Lang LaSalle has been awarded more than a half million square feet of new local property management assignments.
"We are in growth mode in Phoenix, and Jackie is at the forefront of that effort,” said Prabhu. “Her industry experience and relationships are best-in-class—strengths that round out our already award-winning Phoenix office and that are invaluable as clients look for Jones Lang LaSalle expertise in property management.”
In the last two years, Jones Lang LaSalle has consistently expanded in Phoenix through the addition of commercial real estate brokers, project development experts and niche specialists in areas such as data center solutions and multifamily investment.
Jones Lang LaSalle’s Phoenix Property Management Group is expanding at an equally steady pace. This quarter alone, the team has earned numerous new, high-profile property management assignments. This includes a just signed two-building, 296,000-square-foot agreement with leading real estate investment management firm Invesco Real Estate for the 130,000-square-foot Gainey Ranch Town Center Class A office building in Scottsdale, Ariz. and the 166,000-square-foot Chandler Pavilions retail power center in Chandler, Ariz.
It also includes a new management agreement with AEGON USA Realty Advisors, LLC, a commercial real estate investment and management arm of AEGON Asset Management, for the 220,000-square-foot Security Title Plaza, a premier Class A office tower on Central Avenue in downtown Phoenix that is also being leased by Jones Lang LaSalle Phoenix office brokers Don Mudd, John Bonnell and Bret Abramson. With the addition of Security Title Plaza, Jones Lang LaSalle is now managing three AEGON properties in Phoenix totalling almost 290,000 square feet.
“We’re seeing more leases and more assets change hands in Phoenix every day. This is bringing new core institutional investors to our market and encouraging local investors to take a fresh look at their property management options,” said Hines. “While many leading U.S. property management companies are in flux, Jones Lang LaSalle remains highly stable, staffed with experts and operating from a strong national platform. The firm has strong best practices from around the country that will benefit properties in Phoenix.”
Hines comes to Jones Lang LaSalle from the Phoenix office of Grubb and Ellis, where she served in a similar leadership capacity. She has also served in key property management positions for Trammell Crow and Insignia ESG in Phoenix, and Tishman West in Tucson, Ariz.
Jones Lang LaSalle is a leader in the Phoenix commercial real estate market. Employing nearly 400 of the area’s most recognized industry experts, the firm offers office and industrial brokerage, tenant representation, facility and investment management, capital markets and development services. In 2011, the Phoenix team completed 5.2 million square feet in lease transactions valued at $337 million, directed $56 million in project management and currently has 15.8 million square feet under management. For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center webpage.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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