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News release

Dallas, TX

Jones Lang LaSalle Acquires Debt and Equity Origination Platform in Dallas

Acquisition of Quadrant Realty Finance expands commercial real estate firm’s market-leading financing expertise across Texas; Randy Fleisher completes team of six

DALLAS, June 21, 2013 — As part of its commitment to become the nation’s leading Capital Markets provider in commercial real estate, Jones Lang LaSalle today announced the firm has acquired Quadrant Realty Finance (QRF) in Dallas, Texas.  The debt and equity origination team is led by Randy Fleisher and includes five additional experts and staff.  The acquisition allows JLL to strategically expand its platform, adding a significant financing practice in North Texas that will complement the firm’s strong overall Capital Markets expertise across the state and the entire Southwest.  The price was undisclosed.

“Interest rates remain at near-historic lows and the wider net currently being cast by lenders is contributing to one of the most favorable financing environments commercial real estate has seen since the Great Recession,” said Jay Koster, President of Jones Lang LaSalle’s Capital Markets.  “This is the ideal climate to respond to increasing client demand in the financing arena, and the ideal time for us to acquire significant new talent.  Randy and his colleagues have a proven track record that will make an immediate impact for our clients.”

Fleisher joins JLL as a Managing Director, leading the new finance team and partnering with Tom Fish, Tom Melody and Mike Melody, Executive Managing Directors and leaders of the firm’s financing efforts within Capital Markets.  He and his team add significant complementary debt and equity origination expertise to the Dallas branch of the firm, which has had a lengthy and robust presence in the market from the days of The Staubach Company to its merger with JLL.  Fleisher has more than two decades of commercial real estate experience, including the origination, structuring, placement and closing of debt and equity investments. 

Prior to QRF, Fleisher was a Managing Director and Executive Vice President at CBRE, consistently recognized as one of that firm’s highest producing employees.  He began his career as an attorney with the law firm of Monk Goodwin in Winnipeg, Canada, practicing real estate and commercial law. 

Fleisher holds a bachelor of law degree from the University of Manitoba, a bachelor of business administration in Finance, Investment and Banking from the University of Wisconsin and a master of science in Real Estate & Finance from the University of North Texas. 

In addition to Fleisher, other individuals joining JLL’s financing team include Curtis Jaggars and Jason Piering as Executive Vice Presidents. Prior to joining QRF, Jaggars was a partner at Catlyn Capital Corp., a Dallas based private equity real estate investment boutique, responsible for the sourcing, reviewing, underwriting, structuring, financing and disposition of real estate investments for retail, office, multifamily, industrial, condominium, single family subdivisions and speculative land acquisitions.  Piering joined QRF from CBRE where he was Vice President of Debt & Equity Finance. Prior to that, he worked at Goldman Sachs Commercial Mortgage Capital.  Throughout his career, Piering has originated, structured, sourced and closed construction, bridge and permanent debt and equity for multifamily, retail, office, medical and industrial commercial real estate transactions.  Adam Mengacci, Sarah Burt and Will Mogk will also be joining the firm.  The new team will also work closely with Dallas Market Director Paul Whitman.

“Tom, Mike and I partnered with Randy and his team for more than a dozen years while we were all at CBRE.  They are focused, passionate about what they do, and really creative in how to structure all types of debt and equity transactions,” said Fish.  “Over the years, we have become not only business partners, but good friends.  We are proud that they’ve agreed to join us on this journey to make JLL’s Capital Markets the strongest in the country and we have no doubt our clients will reap the benefits.”

“When we began exploring the sale of our firm and options for our future, we fielded a number of extremely attractive opportunities from well-respected firms.  In making our decision, we wanted to go to a firm that had best-in-class leasing, management, tenant rep, investment sales and real estate investment banking, and a company in which our culture, style and goals meshed well.  When weighing all these factors, JLL truly stood out,” said Fleisher. 

He concluded, “Joining this highly respected firm, with its combined JLL and Staubach legacy in the Dallas market, will allow us to increase the number of arrows in our quiver exponentially.  Most importantly, our clients will significantly benefit from our partnership with the office and multifamily investment sales experts in Dallas and our longtime friends and colleagues in Houston.  We are very honored to be a part of this growing team.” 

Over the last year, Jones Lang LaSalle’s Capital Markets experts have closed more than 220 loans, totaling more than $7.6 billion in financings nationwide.

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 2012 alone, Jones Lang LaSalle’s Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.

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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit