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News release

SALT LAKE CITY, UT

JLL Expands Capital Markets Expertise to Salt Lake City

Eric Gustafson joins firm to lead Utah’s capital markets efforts


SALT LAKE CITY, July 9, 2015 – Investors are increasingly looking to snap up assets in secondary markets, and in response JLL today announced that it has hired Eric Gustafson to lead the firm’s Capital Markets practice in Utah and Idaho. Gustafson, a Senior Vice President, will work under the direction of Barry Dorfman, Market Director for JLL’s Rocky Mountain region, focusing on office, retail and industrial investment sales.
 
“We’ve seen an influx of millennials head to Salt Lake City and as a result, a growing interest among our clients for opportunities to gain or expand presence in the market,” said Dorfman. “Eric is well-versed in Utah’s market fundamentals and boasts a successful track record across many asset classes.  His in-depth knowledge of the Utah commercial real estate market will be a significant advantage for institutional clients as they broaden their search for yield.”
 
Gustafson holds more than 24 years of commercial real estate experience and joins the firm from a national commercial real estate brokerage. During the course of his career, he has closed transactions totaling 1.1 billion square feet. He has studied real estate at Massachusetts Institute of Technology’s (MIT) Center of Real Estate and earned his bachelor’s degrees from the University of Utah.
 
JLL 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 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,700 specialists, operating all over the globe.

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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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 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.