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News release


JLL Completes Acquisition of CIB and CIB Management

Acquisition of leading property management and brokerage firm extends JLL’s reach in Greater Baltimore region

BALTIMORE, Jan. 4, 2016 — Bolstering its presence in Greater Baltimore, JLL (NYSE:JLL) has completed the previously announced acquisition of CIB Management, LLC, the market’s largest commercial property manager, and CIB, LLC, a leading provider of brokerage services. The acquisition of these entities, which did business as Colliers International Baltimore, is an example of JLL’s disciplined acquisition strategy and focus on growth in the Mid-Atlantic region.

Tim Hearn, the group’s CEO, joins JLL as the Regional Director of Mid-Atlantic Property Management. He brings with him a combined team of approximately 80 property management and brokerage experts.

“Since announcing our move to JLL we’ve received positive reactions from our people and our clients,” said Hearn. “After building CIB over the last decade, we’ll now be able to expand the services we provide our clients, provide them access to JLL’s best-in-class research and data capabilities, and contribute to JLL’s growth in Greater Baltimore.”

“This acquisition gives our clients access to the leaders in property management in the Baltimore area and a more extensive team of brokers for their leasing needs,” said Mark Levy, Greater Baltimore Market Leader, JLL. “CIB’s services complement and expand JLL’s platform in Greater Baltimore, which includes tenant representation, capital markets, office and industrial agency leasing and property management.”

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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 $57.2 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​