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Arthur Itkis joins JLL’s team as Michigan’s retail environment continues to improve
DETROIT, October 24, 2016 – JLL is pleased to announce the addition of Arthur Itkis to its Detroit office as Vice President, Retail. Itkis' hire comes at an ideal time as Michigan's retail industry continues to grow and JLL strengthens its regional retail focus.
With an extensive industry background, Itkis brings more than 15 years of retail brokerage experience to the region. Over the course of his career, he has worked closely with national, regional and local retailers to develop location strategies in Southeast Michigan. Aside from retail, Itkis also has significant experience representing both developers and owners of single-tenant and multi-tenant properties.
"Itkis' retail expertise will complement our existing team in JLL's Detroit office," said JLL's Managing Director Larry Emmons. "And in the midst of an upswing in the local retail space, Itkis will bring a coveted industry perspective unmatched by competing firms."
Detroit continues to advance its retail market with a number of mixed-use developments underway, including The District Detroit. Combined with a growing office market and an improving employment outlook, JLL expects healthy momentum for the retail space in 2017 and beyond.
"I'm looking forward to helping JLL expand and enhance its existing retail services, especially at a time when Michigan's retail market is experiencing a significant upturn," said Itkis. "The goal of many retail business owners now is sustainability as the rest of the market makes its comeback."
Itkis is also heavily involved in philanthropic activities, including volunteering for Gleaner's Food Bank and Forgotten Harvest, and as a former Marketing Chair of International Council of Shopping Centers' (ICSC) Next Generation Conference. He holds a Bachelor of Science and Bachelor of Art from Wayne State University.
For more information on JLL's Detroit office, visit www.jll.com/detroit.
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 $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.
RETAIL JLL's Retail Group serves as the industry's 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 90 retail brokerage experts spanning more than 25 major markets, representing more than 440 retail clients. As the largest third party retail property manager in the United States, JLL's retail portfolio has 350 centers, totaling 67 million square feet under management in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects. For further information, visit www.jllretail.com.
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