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News release

EAST RUTHERFORD

JLL Expands New Jersey Life Sciences Team

Hires life sciences expert John Cunningham as part of strategic growth plan for life sciences practice group


EAST RUTHERFORD, N.J., February 14, 2017 —  JLL hired life sciences expert John Cunningham as part of the expansion of its life sciences practice. He joins the firm as an executive vice president in its Parsippany, N.J., office and will work with Daniel Loughlin, international director and head of New Jersey office brokerage and the life sciences practice for JLL.

"JLL remains at the forefront of solutions for New Jersey's evolving pharmaceutical and life sciences sectors," said Loughlin. "Our real estate professionals are widely recognized for their ability to negotiate complex real estate transactions and deliver cost-effective alternatives for clients. John Cunningham is known throughout the state for his expertise with life sciences tenants and landlords, and will serve a crucial role in the continued growth of JLL's life sciences practice in New Jersey."

Cunningham, 53, has more than 30 years of experience in New Jersey's commercial real estate sector and specializes in representing corporate office and life sciences clients across the globe. He has been involved in more than 500 leasing, sale or consulting transactions valued at more than $1 billion.

Prior to joining JLL, Cunningham served as the national director of the life sciences practice of a major international brokerage company.

Cunningham earned a bachelor's degree from Wittenberg University. He is a licensed real estate broker in the state of New Jersey, and is an active member of BioNJ.

JLL has been particularly active in the pharmaceutical and life sciences sectors, closing nearly 1.2 million square feet in high-profile leases and one major sale, throughout the New Jersey region in the past six months.

In the pharmaceutical and life sciences sectors, JLL recently represented F. Hoffmann-La Roche Inc. in the sale of its former 116-acre campus in Nutley and Clifton to Prism Capital Partners, LLC. JLL also represented the pharmaceutical firm in the leasing of approximately 500,000 square feet to Hackensack Meridian Health and Seton Hall University for a new medical school at the site.

The firm also represented pharmaceutical firm Allergan plc in its lease of a 431,500-square-foot office building at 5 Giralda Farms in Madison for its new U.S. headquarters. In addition, JLL represented Mallinckrodt Pharmaceuticals in its lease of 233,000 square feet at Somerset Financial Center in Bedminster. Mallinckrodt Pharmaceuticals will house 400 employees at the facility when it opens in early 2017.

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 leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.