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Targets increased market share, industrial opportunities in the Southeast Valley
PHOENIX, June 25, 2012 – Pursuing expansion opportunity in a key growth market, the Phoenix office of Jones Lang LaSalle has hired Steve Larsen as a Vice President in its industrial brokerage team. Larsen is based in the Southeast Valley and will leverage that presence to widen Jones Lang LaSalle’s geographic footprint and reach new Phoenix-area clients who can benefit from the firm’s extensive global research and service capabilities.
“Steve is very well established in the Southeast Valley,” said Dennis Desmond, Senior Managing Director and head of the Phoenix Jones Lang LaSalle office. “He has earned the trust and respect of clients in these communities, and he will be a great ambassador for this firm as we take our presence in the Southeast submarket to the next level.”
Larsen specializes in industrial building and land sales, leasing and build-to-suits. He develops property marketing strategies and prepares in-depth analysis to maximize and achieve the highest and best use for each project.
“The Southeast Valley has its own unique character,” said Larsen. “Unlike the Southwest Valley, which is dominated by big box distribution users like Amazon, this submarket is driven by service manufacturing and technology. It has a highly qualified workforce, and it uses that asset to serve entities like Banner, Motorola and Intel. These types of companies have planted roots in the Southeast submarket and are raising the stakes here. Jones Lang LaSalle has a lot to bring to that equation.”
In the last two years, Jones Lang LaSalle has consistently expanded its Phoenix office through the addition of top commercial real estate brokers, project development experts and niche specialists in areas such as data center solutions, property management and multifamily investment.
Its industrial team is already an established power presence in the Southwest Valley and, along with the firm’s Project and Development Services group, has been at the center of landmark deals like the new $40 million Dick’s Sporting Goods build-to-suit distribution facility in Goodyear.
Larsen moves to Jones Lang LaSalle from the Phoenix Industrial Property Services team at Colliers International. He is a recognized broker, within the past two years alone earning Broker of the Month, The Future of Real Estate and Top People to Know honors from local publications. He is a member of the National Association of Industrial and Office Properties (NAIOP) and chair of the NAIOP Developing Leaders Steering Committee. He also participates in Brokers for Kids and Habitat for Humanity.
Larsen holds a bachelor’s degree in Public Administration from San Diego State University and is a former professional football player for the Chicago Bears.
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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