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News release

Atlanta

JLL bolsters national industrial business with veteran hire

Britton Burdette joins JLL as Managing Director


ATLANTA, Nov. 8, 2017 – The industrial and logistics asset class is at the top of every institutional investor's list. Case in point: $44 billion in industrial transactions have already been completed through the third quarter, and the asset class is closing in on what is expected to be its second largest year in history. As investors continue to feed their appetite for regional and national portfolios, JLL today announced the key addition of Britton Burdette to its integrated national industrial capital markets team.

Burdette joins JLL as Managing Director to oversee the company's industrial capital markets business throughout the Southeast.

Based in Atlanta, Burdette will partner with Charlotte-based JLL Managing Director Pete Pittroff, who will take on an expanded national role. They will join the firm's national industrial capital markets team to advise institutional investors on all aspects of the real estate life cycle, from sales and leasing to raising debt and equity.

"Nationally and globally industrial and logistics real estate has become the preferred asset class of institutional investors, especially as these investors are trending toward larger portfolios spread over multiple markets," said Craig Meyer, JLL President of Americas Industrial. "The additions of Britton and Pete to our specialized national industrial capital markets team is a natural progression in our business that we have been working toward for a decade."

Meyer continued, "Their expertise in cradle to grave industrial and logistics real estate investment banking will complement our firm's already renowned and market leading industrial tenant representation business across the U.S., our 350 million-square-foot industrial agency leasing portfolio, and our fast growing nearly 250 million-square-foot industrial property management business."

In 2017 the trend toward portfolio deals across all regions of the U.S has been strong. Deals of $150 million or greater accounted for 34 percent of total transactions, 15.2 percent higher than 2016's total.

"A strong, specialized industrial capital markets team will greatly benefit our institutional clients in Atlanta and across the southeast. With his expertise, Britton will play an integral role in continuing to expand this fast-growing sector for JLL," said Mike Sivewright, Atlanta Market Director, JLL.

"There is a clear shift in investor preference toward the industrial asset class, and I couldn't be more thrilled to be at the forefront of it with JLL," said Burdette. "It's an exceptional time to be involved in this sector."

Formerly a Director at Stan Johnson Company, Burdette brings more than a decade of experience to JLL. Burdette is a licensed real estate broker in the states of Georgia, South Carolina, New Mexico and Oregon.

"We have already transacted more than $5 billion in the industrial sector this year alone through our financing and sales capabilities," said Meyer. "We're on pace for a record year, and bringing Britton on board helps us continue our aggressive pace of growth."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $145 billion in investment sale and debt and equity transactions globally. The firm's Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more content, including videos and research resources on JLL, please visit the firm's U.S. media center web page: http://bit.ly/18P2tkv.

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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 $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management has $59.0 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.