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Firm Promotes Geno Coradini as Retail Market Lead
DALLAS, Nov. 14, 2012 — As part of its on-going efforts to enhance the retail services it offers in markets across the U.S., Jones Lang LaSalle (NYSE: JLL) today announced the firm has promoted Geno Coradini as Retail Market Lead in the Dallas/Southwest Region. Under the direction of Americas Retail President and CEO Greg Maloney, Coradini will oversee retail tenant representation and agency leasing brokerage services, as well as asset management services in markets throughout Texas, New Mexico, Oklahoma, Arkansas and Louisiana.
“In the past, Jones Lang LaSalle focused solely on leasing and managing traditional malls; now more and more owners are asking us to bring our expertise and best practices to other aspects of retail,” said Maloney.
The firm currently leases and/or manages more than nine million square feet of space in the Southwest Region. Select properties include Killeen Mall (Killeen, Texas), Perkins Rowe (Baton Rouge, Louisiana), Mesilla Valley Mall (Las Cruces, New Mexico) and Springtown Mall & Shops (San Marcos, Texas).
“This region is very competitive and has tremendous potential. In addition to the talented team we already have in place, we’re looking forward to adding new team members to help grow our business in Texas and throughout the Southwest,” said Coradini. “We see a great opportunity to increase our presence and help our retail clients in these markets.”
“Geno has already shown the value he delivers to clients in his current role and he is the right person to lead this market for Jones Lang LaSalle,” said Roger Staubach, Executive Chairman, Americas for Jones Lang LaSalle. “The team he is assembling are leaders in the real estate industry and they will help deliver Jones Lang LaSalle’s retail expertise to markets all across the Southwest.”Coradini joined the firm in 2008, shortly after Jones Lang LaSalle acquired The Standard Group. With more than 15 years of retail real estate, he has extensive experience in field execution and corporate management at the regional and national level. Prior to joining Jones Lang LaSalle he was a Managing Director at FedEx Kinko’s and a Divisional Vice President with Family Dollar Stores.
Jones Lang LaSalle’s latest national Retail Outlook report indicates that Dallas continues to perform well in comparison to the rest of the country. According to the firm’s research, almost all property subtypes in Dallas have seen healthy decreases in vacancy over the last year with general retail and malls leading the pack with a 60 basis-point decline.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 billion of assets under management. For further information, please visit www.joneslanglasalle.com.