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Capital Markets expert Jim Vesey to spearhead firm’s Philadelphia investment sales platforms
PHILADELPHIA, June 29, 2012— Jones Lang LaSalle today announced the firm has broadened its investment sales expertise in Philadelphia with the addition of Jim Vesey to lead its Capital Markets platform in that city. Vesey has joined the firm as a Managing Director and will focus on investment sales in an effort to enhance the firm’s Capital Markets business in the region. Vesey is a seasoned industry veteran who brings more 20 years of owner and investor, and brokerage experience to the firm.
Vesey and the Philadelphia Capital Markets team are part of the Quad State regional capital markets platform spearheaded by Joe Garibaldi and Dave Wojciechowski. This team is directly responsible for all investment sales transactions within the suburban New York, New Jersey, Connecticut and Pennsylvania region. In addition, Vesey will partner with Philadelphia Market Director Mike McCurdy to continue to expand the firm’s client service capabilities in the city.
“Jim knows the Philadelphia market inside and out, and will utilize his broad market experience to grow the firm’s overall platform and align the firm’s business to meet the needs of growing client demand in the Quad State Region,” said Garibaldi. “He brings a unique twist to his role, as a former owner and investor. He’s been on the other side of the fence and truly understands how to add value to our clients and capitalize on prime opportunities.”
” The addition of Jim in Philadelphia further bolsters our growth strategy, as he brings more than 20 years of broad real estate experience to the firm,” said McCurdy. “The investment sales market has truly intensified in the city in recent months and we expect Jim will be able to capitalize on the firm’s global platform to continue that growth for clients.”
Vesey joins Jones Lang LaSalle from Vesey Capital, a real estate investment company based in Pennsylvania that he founded in 2008. Prior to that, Vesey spent 15 years as the head of Capital Markets for Cushman & Wakefield in Philadelphia. During his career, Vesey has completed more than $4 billion of transactions.
Vesey earned his bachelors degree from Villanova University and is former a CPA. He is currently a member of the Urban Land Institute and International Council of Shopping Centers, and is actively involved in the University of the Arts in Philadelphia and sits on its Board of Trustees. Vesey has served as the Business Fellow and adjunct professor for Villanova University in the DiLella School of Real Estate for the past 5 years.
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 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 our website, www.us.joneslanglasalle.com.
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