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News release

CHICAGO

JLL Adds Key Hire to its Retail Lease and Debt Restructuring Team

Move continues to solidify the firm as a national leader in all retail real estate related services 


CHICAGO, April 26, 2017— JLL, which acquired lease and debt restructuring firm, Huntley, Mullaney, Spargo & Sullivan, Inc. (HMS) in February 2016 to provide an even broader range of services to retailers, today announced that Andrew D. Couch has joined the team as Vice President of Restructuring Services. In his new role, Couch will add his expertise and experience to help JLL's retail clients reinvigorate their portfolios through restructuring services.

Couch brings with him a wealth of knowledge in the commercial real estate and restructuring space. He was most recently the Managing Director of Real Estate for Boston-based Gordon Brothers Group – a global investment and advisory firm specializing in the purchasing, evaluation, restructuring, and disposition of companies and assets. Couch led the firm's supermarket real estate practice, supporting public and private companies in both healthy and distressed situations.

"Our goal is to improve profitability and cash flow for our clients and Andrew's proficiency in all aspects of the M&A, growth, operations, restructuring and disposition phases will be a boon for our retail partners," said Tom Mullaney, Managing Director, JLL Restructuring Services. "We welcome Andy to the team as we continue to help solidify JLL's position as a national leader in all facets of retail real estate services."

JLL's Retail Lease and Debt Restructuring services drive success for their clients by reducing financial pressures, improving asset profitability, and managing occupancy costs. Since 1993, HMS has restructured more than $12 billion in lease and debt liabilities for nearly 400 clients while working constructively with the country's largest landlords, REITs, banks, key regional and local lenders, insurance companies and pension funds. 

Couch added, "The JLL platform provides unparalleled expertise and breadth of services to retail clients in all life cycle phases. I feel honored to be a part of this talented team with its strong financial savvy, deep real estate expertise, broad field network, proven systems and client-first focus."   

Prior to Gordon Brothers Group, Couch held roles as the Vice President of Investments for open-air shopping center REIT, Regency Centers, focusing on shopping center development and leasing, and as Real Estate Committee Chairman and Vice President of Real Estate for Hannaford, a leading 189-supermarket subsidiary of Netherlands-based Ahold Delhaize. Couch has also held positions at KPMG and Pepsico, Inc. and has advanced degrees from the University of Maryland and Columbia University. He is a noted speaker for Supermarket News and in 2015 was named by M&A Advisor as a finalist for the Service Professional of the Year award.

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.