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News release

CHICAGO, IL

JLL Retail Tapped by Simon Property Group to Lease a Million Square Feet of Shopping Center Space  


CHICAGO, Mar. 24, 2014 – JLL announced today that it’s been awarded the agency leasing assignment for a trio of retail assets totaling more than a million square feet. JLL’s Peter Caruso and Ashley Wagoner will handle the assignment on behalf of firm. The shopping centers are owned and operated by Simon Property Group.

"These three retail centers are ideally located at prime intersections in the South Suburbs of Chicago, and we expect strong retailer interest in the newly available space," said Caruso.

  • Country Side Plaza is located at NWC La Grange Road and Joliet Road in Countryside, Illinois. Anchored by Home Depot and Value City furniture, this 400,000+ square-foot center currently has junior anchor and small shop space available for lease.
  • Lake View Plaza is located at NWC 159th and La Grange Road in Orland Park, Illinois. Anchored by Best Buy and Value City Furniture, this 359,000+ square-foot property has anchor, junior anchor and small shop space available for lease.
  • Matteson Plaza is located at SWC of Lincoln Hwy and Crawford Ave in Matteson, Illinois. Anchored by Shoppers World, this 267,000+ square-foot center currently has anchor space available for lease.

JLL’s Retail Group serves as the industry’s leader in retail real estate services. The firm’s more than 850 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 80 retail brokerage experts spanning 20 major markets, representing more than 100 retail clients. As the largest third party retail property manager in the United States, JLL’s retail portfolio has 305 centers, totaling 65.7 million square feet under management in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects.

For more news, videos and research from JLL’s Retail Group, please visit: www.jllretail.com

About JLL
JLL (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 $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.