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CHICAGO, July 18, 2017 – JLL today announced it has strengthened its retail client services in Chicago with the addition of industry expert Janice Sellis. Sellis joins the firm as an Executive Vice President and brings more than 15 years of experience in Retail Investment Sales to the firm. Based in the company's corporate Chicago headquarters, she will partner closely with the firm's existing retail management, leasing and development experts.
"Chicago, and the Midwest, remain a top region for retail investment. Chicago has witnessed average annual cap rate compression for prime space reach as low as four percent, and rent growth as high as nearly nine percent in emerging corridors like Fulton Market," said Dan Ryan, President of JLL's Central Region. "Adding Janice and her extensive retail network to our team will provide tremendous value to our clients throughout the region."
Sellis has experience disposing of all property types, including urban and mixed-use space, grocery-anchored assets, single tenant space, land, and power, lifestyle and unanchored strip centers. Sellis has represented buyers and sellers ranging from private owners to banks, REITS and pension fund advisors, and completed more than $1 billon in transactions during her career.
"In the last two years we've accelerated our ability to serve our retail clients by adding property management, leasing and tenant representation experts in Chicago," said Naveen Jaggi, President of Retail Brokerage and Capital Markets, JLL. "The addition of Janice to our team now creates and solidifies an investment sales complement to our development, leasing and management practice in the market, and gives us the ability to support our clients' assets through the entire lifecycle."
Sellis joins JLL from a national commercial real estate firm, where she served as a director in their Investment Services Group and focused on retail investment sales in the Chicagoland area and other Midwest markets. Sellis has a bachelor's degree from the College of Charleston in Charleston, S.C. She is a member of the International Council of Shopping Centers (ICSC).
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 the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 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.
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