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News release

CHICAGO, IL

Jones Lang LaSalle Retail’s Portfolio Growth Driven by Local Expansion

Firm adds 85 new retail assignments and 34 new clients so far this year


CHICAGO, Aug 19, 2013 —  Jones Lang LaSalle Retail today announced today it continues to capture market share opportunities as an increasing number of retailers, malls and centers tap into the firm’s value-add retail services. 

Year-to-date the firm has added 85 new retail assignments and 34 new clients to its roster. The firm’s full-service retail business now holds a third-party retail leasing and management portfolio of 243 properties, comprised of 65 million square feet. Its growing tenant representation platform now serves 90 national and regional retailers as the need for specialized location strategies and brand expansions increase. To support its portfolio’s growth, the firm has added 30 experts in strategic local markets during the last two years.

“JLL Retail continues to expand its client service offerings due to an increase in demand for specialized services. We’ll continue to identify new opportunities for our clients, and help them navigate the ever changing and challenging retail environment,” said Greg Maloney, President and CEO of Jones Lang LaSalle Retail.

“JLL’s national platform and local market, on-the-ground expertise coupled with its focus on delivering value is appealing to owners and occupiers of retail assets. Our team is committed to delivering the best and most comprehensive services, bar none, to both new and existing clients,” said Kristin Mueller, Chief Operating Officer of Jones Lang LaSalle Retail.

Highlights of JLL’s new retail assignments include:

  • Tenant representations services for  Pure Barre, a fitness trend that is quickly growing across the country
  • Leasing and management for the 802, 275 square foot Coventry Mall in Pennsylvania
  • Leasing assignment for an 11-building, 817,000-square-foot portfolio of strip centers in Southern California
  • Leasing for a 12-building, 165,100-square-foot portfolio of street-level retail space in New York on behalf of Equity Residential Management
  • Leasing, development and management for The Shops at Focal Point at Saint Anthony Hospital, a planned 233,000-square-foot healthcare and community center in Chicago

Jones Lang LaSalle Retail is a full-service provider of retail services nationwide. The firm offers a full array of services to its clients, including brokerage services for landlords and tenants, property management, financial reporting, tenant coordination, specialty leasing, marketing, research, development and receivership services.  For more information on Jones Lang LaSalle Retail, visit www.jllretail.com

For more news, videos and research resources, please visit the firm’s U.S. media center webpage. Bookmark it here:  bit.ly/14hRbTl

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 $46.3 billion of real estate assets under management. For further information, visit www.jll.com.