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News release

GRAND RAPIDS, MI

JLL Continues Market Growth, Strengthens West Michigan Commercial Real Estate Presence with Grand Rapids Office

New Grand Rapids Platform Expands Local Brokerage Offering with Seasoned Office and Industrial Brokers


GRAND RAPIDS, September 26, 2016 – JLL announced today that it is opening a new office in downtown Grand Rapids at 15 Ionia Ave, Suite 360 to broaden its strong existing presence in Michigan. JLL employs more than 800 professionals in Michigan, with dedicated teams in Detroit and Ann Arbor specializing in project management, Corporate Solutions, and Public Institutions. New on-the-ground leadership and stronger ties to the local community will help JLL offer more focused brokerage services in Grand Rapids.  

"Opening a dedicated local space is the next logical step to delivering a stronger brokerage offering and broader real estate expertise to a thriving market," said Market Leader and Managing Director JC Pelusi. "JLL already brings a robust, intelligent platform for all strategic commercial real estate decision-making. Our new office talent in Grand Rapids will add increased industry know-how, an even deeper understanding of market trends, and will build on established local relationships."  

Initially the JLL Grand Rapids office will be led by two seasoned brokers with existing local ties. Jeffrey Karger will specialize in leasing and tenant representation in the office market, while Robert Horn will manage industrial efforts. The two brokers bring more than four decades of combined experience at global commercial real estate and investment firms. Karger most recently served as Senior Advisor/Director of Office Services for CWD Real Estate Investment, overseeing the leasing efforts for the company's 1.3 million square foot office portfolio downtown. Horn has successfully completed more than 11 million square feet of industrial transactions over his career at another large commercial real estate firm. 

"Grand Rapids ranks highly across the board for growth among industrial markets," said Horn. "I'm looking forward to helping the Grand Rapids industrial market continue to flourish and funnel more business into the region as a part of JLL." 

"The Grand Rapids office market is very strong as new buildings and extensive renovations are showing a flight to quality product," Karger added. "I'm excited to bring the depth and breadth of JLL to strengthen our ties in West Michigan." 

JLL's decision to open a new office is a direct reflection of the firm's continued regional growth. In May, JLL acquired a Louisville-based commercial real estate firm, Harry K. Moore, to expand the industrial and office brokerage in Kentucky. And now, JLL is enriching its offerings in West Michigan to meet the needs of one of the fastest growing economies in the U.S.  

JLL currently manages a strong client base in Grand Rapids, largely driven by corporate accounts, and anticipates steady, healthy growth alongside more expanded, comprehensive services.

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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 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.