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News release

DENVER, CO

Jones Lang LaSalle Expands Capital Markets Expertise in Denver

Patrick Devereaux and Jason Schmidt join firm to lead office investment sales in Rocky Mountain region


DENVER, Sept. 23, 2013  — Forecasting a brisk pace for investor activity in the Denver commercial real estate market due to major growth in the oil/gas and technology industries, Jones Lang LaSalle (JLL) today announced the firm has hired industry veterans Patrick Devereaux and Jason Schmidt as investment sales experts in the Rocky Mountain region.  The two join JLL as Executive Vice Presidents, bringing a wealth of experience in office, retail, and industrial asset sales to the firm.

“One of our firm’s top priorities this year was to re-establish a strong Capital Markets platform in Denver,” said Jay Koster, Americas President for Capital Markets at JLL.  “The hiring of Patrick and Jason is the first step as we develop the most comprehensive Capital Markets expertise in the region for our clients.  In the coming months, we will add depth and expertise in multifamily sales and debt origination, and we’ll build a unified team that will provide robust support to the rest of our local services as well as our national Capital Markets platform.”

Devereaux began his commercial real estate career in 1991, as an appraiser and investment consultant for DYCO Real Estate Company. He has more than 20 years of experience as an investment broker, most recently as a Senior Director in the Capital Markets Group at a national brokerage firm.  A 1992 graduate of the University of Denver, Devereaux has a degree in Real Estate Investment Analysis and Construction Management.

Schmidt’s previous experience includes stints as Vice President of Development for Signature Equities, Director of Development for Pace Properties and Vice President of Brokerage at a regional brokerage firm. Prior to joining JLL, he was an Associate Director of a national brokerage’s Capital Markets Group. He has a Bachelor of Arts in Psychology and an M.B.A. from Drake University, as well as a Master's in Real Estate and Construction Management from the University of Denver.

“Office and retail demand in Denver is expected to accelerate throughout the latter half of 2013 and into 2014, making the city an ever-increasing draw for commercial real estate investors,” said Barry Dorfman, Market Director of JLL’s Rocky Mountain Region.  “Patrick and Jason have the transactional experience and deep expertise to address our client’s needs in the Rocky Mountain Region.”

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 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.

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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.