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News release

SAN JUAN, PUERTO RICO

JLL Expands Real Estate Services in Puerto Rico to Include Retail

Firm to support U.S.-based retail brands expanding to the Island, and territory-based retailers eyeing Florida and the Southeast


SAN JUAN, PUERTO RICO, Oct. 21, 2015 — Emerging brands all covet the opportunity to expand into the United States’ strong consumer environment. Caribbean-born brands are eyeing ways to extend into the United States via Florida and the Southeast, and JLL is now serving those retailers and investors with expanded services out of Puerto Rico including Retail tenant representation, landlord representation, property management and investment sales. Puerto Rico’s prime location, coupled with its potential for investment and growth makes it an ideal market for international investment.

Puerto Rico has been one of the vibrant economies in the Caribbean. The region has had a challenging last decade but its economic base is on relatively solid ground due to the diversified industry and ties to the United States.

JLL’s local retail client base is already expanding, as is its talent roster. Retail transactions throughout Puerto Rico are now handled by Andy Carlson, Vice President of Retail, JLL and Vanessa Perez, Associate of Retail, JLL who joined the firm earlier this year. They’ll work closely in partnership with Zach Cheney, Managing Director of JLL’s Greater Latin America business, and his existing office and industrial teams in the territory.

“We’ve been operating in the region for nearly a decade, but adding retail capabilities will advance the development of our cross-regional service delivery to key retail clients,” said Cheney. “Andy and Vanessa understand the retail markets in Puerto Rico and Florida which gives them a unique perspective and ability to bridge the gap between the Island and mainland and to assist our clients in a successful market entry plans.”

Beyond bringing U.S.-based retailers to Puerto Rico and supporting landlord leasing efforts on the island, Carlson and Perez will also support the exportation of Puerto Rican brands to Florida and the Southeast. Current Puerto Rican retailers that they are representing include:

  • Almacenes Plaza, a boys and men’s clothing store, seeking up to 6,000-square-foot spaces in malls or power centers
  • Kamea Meha Surf Shop, a surf and beach oriented clothing shoes and accessories store, seeking up to 3,000-square-foot spaces in malls and power centers
  • Meson Sandwiches, a sandwich and coffee shop,  seeking up to 3,000-square-foot endcap or pad sites 
  • Casa Febus, the Caribbean chic furniture, home decor and design store, seeking up to 12,000-square-foot spaces at malls or town centers
  • Valija, a Bohemian chic boutique with private label women’s clothing and accessories with a little bit of Caribbean flair, seeking up to 1,600-square-foot spaces in malls or lifestyle centers.

For more information on the Puerto Rico market  http://bit.ly/JLLPuertoRico

© 2015 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

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.