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Steve Mellon and Pete Williams join Capital Markets team as Managing Directors
HOUSTON, July 11, 2012 — Jones Lang LaSalle today announced the firm has strengthened its investment sales offerings with the addition of two market-leading self storage experts. Steve Mellon and Pete Williams have joined the firm as Managing Directors of the firm’s Capital Markets business to broaden the firm’s offerings in the sales of self storage facilities. Mellon, who specializes in acquisitions and dispositions, and Williams, who has been a developer, owner and operator as well as investment sales specialist, will steer the national efforts to expand this product sector expertise around the country.
“Our Capital Markets volumes grew by more than 100 percent in 2011 and our business is quickly gaining market share across all property types through strategic moves like our self-storage expansion. The addition of Steve and Pete will extend our national product coverage in an area of the business our clients demand,” said Jay Koster, CEO and President of Jones Lang LaSalle’s Americas Capital Markets business.
“The self-storage business is it’s one of the fastest growing sectors of the commercial real estate industry and brings in more than $20 billion in revenues annually,” said Paul House, Managing Director and Houston Market Leader for Jones Lang LaSalle’s Capital Markets. “Steve and Pete are two of the most experienced and most successful self storage experts in the country and with their leadership, we will can offer our clients the kind of broad-ranging, senior expertise they’ve come to expect from our firm.”
Both Mellon and Williams come to Jones Lang LaSalle from Grubb & Ellis. Mellon served as director of that firm’s Self Storage Group for the past three years. During his career, he has been involved in more than $1.5 billion in property sales and structured finance/equity placement. Mellon received his bachelors in finance from the University of Texas at Austin.
Prior to joining Grubb & Ellis in 2011, Williams was the founder and CEO of Premier Storage Solutions where he developed, acquired, operated and sold state-of-the-art self storage facilities throughout the country During his career, he has been involved with more than $1 billion in transactions in 35 states. He received his bachelor’s degree from Union University.
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.
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About Jones Lang LaSalle Jones 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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