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JLL adds new President to deepen retail services across the Americas and globally
CHICAGO, Dec. 1, 2014 — Institutional owners and occupiers of retail real estate are expanding their store operations and pursuing top-notch investments that require the best national and global advice available. JLL seeks to meet, and exceed, the growing market demand for high-quality retail brokerage services with the addition of Naveen Jaggi as President of JLL Americas Retail Brokerage. Jaggi comes to JLL from CBRE, where he was a Senior Managing Director of Retail Services. In his new role at JLL, he will oversee more than 100 brokers, spanning 25 major markets, who serve the firm’s 500 retail owner and occupier clients. Jaggi is also tasked with creating deeper integration, collaboration and consistency across the Americas retail platform and globally.
“JLL’s retail leasing and tenant representation practice has grown exponentially in the last two years. Adding Naveen is a critical step in aggressively building our retail brokerage practice as the dominant market leader, a distinction that we have enjoyed as a third-party management firm for more than a decade,” said John Gates, CEO of Markets for JLL. “We are committed to investing in the development of a best-in-class brokerage platform in the U.S. and globally, and with Naveen spearheading our retail arm, we will form stronger synergies and efficiencies that will directly benefit our clients.”
“We’ve been searching for the right industry veteran to lead the charge of our growing retail brokerage practice, and Naveen is the perfect cultural and business fit,” said Greg Maloney, CEO of Americas Retail for JLL. “Naveen’s track record, client focus and familiarity with all aspects of the retail lifecycle in the U.S. and abroad, from multi-market entry to disposition strategies, make him an invaluable addition to our team.”
Jaggi has more than 13 years of experience and has represented clients as diverse as global corporate service firms and big-box retailers, to apparel and lifestyle clients. He earned a bachelor’s degree in Finance from Stephen F. Austin State University. He is an active member of the International Council of Shopping Centers and serves on various boards in the Houston area.
JLL’s Retail Group serves as the industry’s leader in retail real estate services. The firm’s more than 3,400 dedicated retail experts around the globe partner with investors and occupiers to support and shape investment and site selection strategies. Its retail specialists provide independent advice to clients backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has over 900 retail brokerage experts spanning more than 70 countries, representing the world’s leading retail brands. JLL’s retail portfolio has over 3,400 shopping malls across 42 markets, totaling 272 million square feet (25 million square meters) 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.jll.com/services/industries/retail
About 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 $53.0 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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