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Houston retail sector continues to grow with 2013 retail sales topping $132 billion
HOUSTON, Aug. 5, 2014 – Building on its strong growth in Texas, JLL today announced it has expanded its retail capabilities into Houston with the addition of Mark Raines as a Senior Vice President. Partnering with Dallas Retail Brokerage Lead Clay Smith and Austin and San Antonio Market Lead Todd Wallace, Raines will focus on JLL’s retail business including tenant representation and agency leasing and will serve as Houston’s Retail Brokerage Leader.“As the energy industry’s epicenter so much growth potential exists, both for retailers looking to expand and investors seeking to put dollars into the Houston market,” said Wallace. “With the addition of Mark, we’ve strengthened our retail service offering for our clients, and now have specialized retail experts in the four major Texas markets of Dallas/Fort Worth, Houston, Austin and San Antonio. We’re looking forward to furthering growth of our retail brokerage platform in Texas and across the country.”Raines joins JLL from competing global brokerage firm, where he specialized in retail brokerage services for national, regional and entrepreneurial tenants in the greater Houston area. Prior to commercial real estate, Raines spent six years in the new home development industry. A sampling of clients Raines’ has represented or is currently representing includes AT&T, Iberia Bank, Buffalo Wild Wings, Crunch Fitness, Gander Mountain, Conn’s Home Plus, Thomas Markle Jewelers and Good Year. He earned his Bachelor of Arts from Texas A&M University and is an active member in ICSC.“As a skilled expert, who knows the ins-and-outs of the Houston retail market and industry, Mark will bring strategic guidance and advance our practice to better serve our clients, who are demanding retail expertise in Houston,” said Dan Bellow, President of the JLL Houston office.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.comAbout JLLJLL (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 fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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