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Recognized for largest dollar volume transaction, Alternative Assets/Other, in 2017
DES MOINES, March 9, 2018 – Marcus R. Pitts, CCIM, SIOR of JLL, was recently recognized by the Society of Industrial and Office Realtors® (SIOR) for his achievements in real estate transactions. Pitts won the award for Largest Dollar Volume Transaction in Alternative Assets/Other for his efforts in the sale of a 33,435 square feet asset for $4.8M. The SIOR Transaction Awards honor SIOR members who have completed significant transactions in several categories within the award year.
More than 600 SIORs reported 2,000 SIOR Transactions in 2017, with a total dollar volume of USD $10 billion. That sum is just a fraction of the total business done by SIOR members around the world. Nineteen SIOR members were honored individually for their accomplishments in 14 different transactions award categories.
"It's nice to see Des Moines getting recognized for deals done locally," said Pitts. "We were involved in numerous capital market transactions in 2017 ranging from $1M to over $20M and we think that momentum will continue to grow in the foreseeable future."
Pitts has 15 years of experience as licensed real estate professional and has been a member of SIOR for about half of his career. He is a Managing Director with JLL and manages the Iowa industrial and retail markets.
Headquartered in Washington, D.C., the Society of Industrial and Office Realtors® (SIOR, www.sior.com) is a global professional organization that certifies commercial real estate service providers with the exclusive SIOR designation. Individuals who earn their SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry's top professionals qualify for the SIOR. Today, there are 3,100 SIOR members in 685 markets in 36 countries.
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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 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.
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