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News release

Los Angeles, CA

Beverly Connection in Los Angeles Now Under JLL Management 


Los Angeles, July, 23, 2014 — JLL’s Retail experts today announced the firm has been retained by Ashkenazy Acquisition Corporation to manage Beverly Connection, a 348,285 square-foot shopping mall located at 100 North La Cienega Blvd, in Los Angeles, California. The property is anchored by CVS, TJ Maxx, Marshalls, Nordstrom Rack, Old Navy, Ross Dress for Less and Target and is currently 98 percent occupied.

West Coast Retail Market Lead Craig Killman and Regional Manager Rick Vita are leading the JLL team on this transaction.

“Los Angeles is approaching the commercial real estate market with a truly ‘live, work, play’ attitude, and its boding well for the retail industry, and specifically Beverly Connection, as the mall offers a unique urban shopping experience,” said Killman.

Beverly Center is located in one of LA’s premiere shopping destinations, nestled between Beverly Hills, the Miracle Mile district & West Hollywood. It’s at the intersection of Beverly and La Cienega, which provides easy access to the Beverly Connection which is also surrounded by four-star hotels, the Beverly Center, the Pacific Design Center and the eclectic shops of West Third Street. Welcome to the center of the shopping universe dine, shop, and save.

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.​