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News release

EAST RUTHERFORD

JLL Expands New Jersey Retail Presence

Hires retail expert Marta Person Villa as part of strategic growth plan for Garden State retail sector


EAST RUTHERFORD, N.J., October 24, 2016  JLL hired New Jersey retail real estate expert Marta Person Villa to launch the expansion of its retail brokerage services in the Garden State. She joins the firm as a senior vice president as part of JLL's strategic growth plan for its New Jersey retail brokerage business.

Since the beginning of the year, JLL has acquired a number of firms that specialize in retail services. In January, the firm acquired Big Red Rooster, which offers brand experience and design services for retailers, consumer brands and corporates. In February, JLL bought Huntley, Mullaney, Spargo & Sullivan, Inc. (HMS) to leverage its expertise in retail lease and debt restructuring to contain costs and increase profits for its clients.

JLL's Project and Development Services is one of the largest players in retail construction services in New Jersey, and the JLL Property Management manages retail real estate throughout the state.

"JLL continues to expand its services to better serve clients involved in all aspects of retail throughout New Jersey," said Robert Kossar, executive managing director and market director for JLL's New Jersey operations. "The market's retail sector is undergoing a transformation prompted by the growth of e-commerce and shifts in consumer buying and shopping preferences. JLL is positioning itself to remain at the forefront of this shifting landscape in order to fully support our retail clients."

Villa has more than 25 years of experience in New Jersey retail and specializes in landlord representation, occupier site selection, and investment property acquisition and disposition. She has also served as a consultant to owners and associations on revitalization and development assignments in more than 25 cities across the United States. Villa has held leadership posts as the administrator for the Borough of Red Bank and the director of downtown alliances for Newark, Red Bank, Cranford and Bloomfield. She is credited with the revitalization of Red Bank, which was named "Hip Town" by NJ Monthly magazine.

Prior to joining JLL, Villa served as a vice president with the retail services group of a major New Jersey brokerage. While there, she represented the interests of major tenants. She also oversaw a diverse agency leasing portfolio that included free-standing retail buildings, car dealerships, shopping centers and urban mixed-use projects. In addition, Villa completed the sale of retail assets that include development sites, free-standing buildings and multi-tenant properties, both occupied and vacant.

Earlier in her career, Villa served as a broker/owner of Square Foot LLC, founded in 1998, which provided commercial leasing and consulting services to owners, owners' associations, cities and tenants throughout New Jersey.

Villa earned a bachelor's degree from the University of Richmond and is a licensed real estate broker in the state of New Jersey. She is a member of the International Council of Shopping Centers (ICSC) and served as private sector co-chair of the ICSC Alliance – NJ from 2010 to 2013. Villa was president of Downtown New Jersey from 1995 to 1996, and director of the International Downtown Association from 1995 to 2001.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,000 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL's global and national corporate clients in need of real estate assistance in New Jersey. JLL's New Jersey operations were honored by NJBiz magazine as one of its 2015 Best Places to Work in New Jersey.

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.