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Jeff Coddington joins firm as Senior Vice President specializing in office, industrial and land sales
AUSTIN, Sept. 28, 2015 – As Austin continues to grow, conservative estimates peg its population growth at 30.5 percent by 2030. Its high-growth labor force makes it a compelling choice for expanding businesses. In response to the need for increased complex commercial real estate expertise, JLL today announced it has hired Jeff Coddington to join the firm’s Capital Markets practice in Austin. Coddington, a Senior Vice President, will partner with Dallas-based Managing Directors Jack Crews and Evan Stone, focusing on office, industrial and development land sales. The hiring of Coddington further boosts JLL’s capital markets expertise in Austin, following the addition of multifamily experts Scott LaMontagne, Moses Siller and Michael Gonzalez in July of 2014.
In addition, Coddington rounds out JLL’s Austin Investor Services expertise including capital markets, agency leasing and property management, positioning office and industrial owners’ assets for success throughout the life cycle of the investment.
“With one of the lowest unemployment rates in the country at 3.0 percent, and a burgeoning labor force, Austin is a hot spot. Our downtown rental rates continue to climb–and while supply lags demand in the foreseeable future, investors, corporations and public institutions will need broad capital markets expertise to navigate the market,” said Todd Wallace, JLL’s Austin and San Antonio Market Director. “Jeff brings more than 20 years of strategic commercial experience to the firm. His extensive insight of Austin will mean substantial upside for our clients.”
Coddington brings a wealth of commercial real estate experience to JLL, most recently advising owners in such skyline-shaping projects as Lincoln Property Company’s 5th+Colorado downtown office tower (currently under construction), Brandywine’s 405 Colorado downtown office tower (planned) and the Plaza Saltillo mixed use development in East Austin (also planned). Having established a competing brokerage’s sales practice in 1997 after working with an affiliate of AIG Global Real Estate, his previous clients include Wells Fargo Bank, Starwood Capital Group, J.P. Morgan, Johnson & Johnson, Hewlett Packard Company, Austin Museum of Art and Austin Children’s Museum. Coddington has been named a "Power Broker" by CoStar Real Estate Information Services and won the Austin Business Journal's "Best Commercial Real Estate" award on numerous occasions, in addition to being widely recognized for extraordinary service by previous employers. Jeff is a member of the Urban Land Institute (ULI) and sits on the Board of Directors of and Governmental Relations Committee for Ballet Austin.
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 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. 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.
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