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News release

WASHINGTON, DC

JLL Brings Culinary Crowdfunding Platform to the National Stage

Firm to secure retail space across the U.S. for EquityEats 


Washington, D.C., Sept. 21, 2015 – EquityEats, a crowdfunding platform for food and beverage businesses, has retained JLL to support their retail restaurant and bar site selection nationally. The concept provides capital raising solutions, connecting entrepreneurs and investors to the restaurant and bar industry.

Senior Vice President Greg Ferrante and Associate Arris Noble are leading the JLL team on this project.

“Bars and restaurants can transform communities, retail places and shoppers’ experiences by providing a place for people to connect,” said Ferrante. “EquityEats currently has two new restaurants seeking funding in Texas, one in Colorado, and another four raising capital in D.C. Once each project reaches full funding, we’ll target the right location to bring the restaurant/bar to fruition.”

Chief Executive Johann Moonesinghe conceived this innovative concept after investing in two bars: Black Whiskey in Washington, D.C. and Eighty-Two in Los Angeles. EquityEats marks his third technology startup following madKast, which was acquired by ShareThis in 2008. 

Moonesinghe added, “Traditionally, restaurant investing has been a closed door activity for both individuals and for restaurateurs. EquityEats democratizes capital accessibility by enabling hundreds of people in a local community to invest in a restaurant. We see that these investors go on to become the best customers of the restaurant, so the restaurant is not only getting the capital that it needs to open, but it also gets a large loyal customer base. We’ve proven that this model works in Washington D.C. and now, with our partnership with JLL, we are ready to scale nationwide.”

JLL’s retail business serves as an industry leader in retail real estate services. The firm’s more than 800 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 130 retail brokerage experts spanning more than 30 major markets, representing more than 680 retail clients. As the largest third party retail property manager in the United States, JLL is currently handling the management, leasing and/or disposition of more than 710 centers, totaling 83 million square feet specializing 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. 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 $56.0 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.