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Firm expands ability to service retailers with real estate portfolio needs
DALLAS, Mar. 22, 2016 — Companies of all sizes, and increasingly retailers, are implementing integrated portfolio management solutions to make smarter real estate decisions and solve their business challenges. To better support retailers with their real estate portfolios, JLL today announced that it has welcomed back Geno Coradini to the firm as Executive Vice President, Retail Integrated Portfolio Services (IPS) Lead, where he will be responsible for working with our retail tenant representative brokers nationally to support JLL’s retailer client base. “We are seeing the real estate strategies, particularly of our retailer clients’, shift to be more focused around integrating their portfolio-related needs,” said Steve Ramseur, President, Occupier Services, JLL. “Our approach is to align platform around our client’s business objectives, which enables smarter corporate real estate execution, and Geno will play an important role in implementing these strategies.” Prior to re-joining JLL, Coradini spent the past two years as Vice President of Real Estate and Market Optimization for Advance Auto Parts Inc., the largest automotive aftermarket parts provider in North America. Prior to that he was part of JLL’s retail outsourcing services group and was instrumental in winning several key accounts for JLL. “We’re thrilled to bring Geno back on board as we continue to grow JLL’s retail services throughout the United States,” said Naveen Jaggi, President Retail Brokerage for JLL. “Geno played a crucial role in expanding our Retail Portfolio Optimization practice and now brings a retailer perspective back to the firm. He has a deep knowledge of JLL’s varied services and how they can be best coordinated to solve retailers’ pain points. This unique combination of end user and service provider expertise gives our retail brokers and their clients a competitive advantage in strategically positioning their portfolios for future growth.” “JLL has grown its retailer client base and brokerage business immensely during the two years I spent with Advance Auto Parts,” added Coradini. “Moving to an in-house position was an incredible experience, and I look forward to integrating what I learned on the other side of the business as we expand JLL’s retail services.” JLL’s retail experts partner with retailers, investors and owner/operators with an extensive team of dedicated experts around the world. They understand the inherent complexities and variability associated with both the retail industry and increasingly complex capital markets. JLL’s specialists are recognized for their independent and expert advice to clients, backed by industry-leading research that delivers maximum value. With leading in-depth knowledge of the local, regional and global market dynamics, JLL aims to truly partner with its clients for the entire lifecycle of an asset or lease. Its experts deliver clients maximum value to support and shape their investment, site selection and brand strategies. JLL is the largest third-party retail property manager in the United States with more than 1,000 centers, totaling 125 million square feet under management. The firm has more than 140 retail brokerage experts spanning more than 30 major markets, representing more than 900 retail clients. In 2015, JLL’s retail experts completed transaction management and portfolio optimization on 1,500+ leases, negotiated 500+ leases for retailers and 1,000+ leases for landlords and completed more than $2.7 billion of investment sales, dispositions and financing for investors. For more news, videos and research from JLL’s Retail Group please visit: www.jllretail.com.
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. 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 www.jll.com.
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