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Robert Mihelich brings more than 30 years of retail experience to Detroit
Detroit, June 13, 2018 – JLL is pleased to announce the addition of Robert Mihelich to its Detroit retail team as Senior Vice President. Mihelich brings more than 30 years of experience in commercial real estate, specifically in the sale, leasing and development of retail and commercial properties, including mixed-use and medical sites.
Mihelich previously worked as a Vice President at both Trammel Crow Company and more recently, CBRE where he assisted multiple national and regional tenants across Michigan. His clients range from drug store chains, urgent care, medical users, corporate cellular stores, big box and mid box tenants. Additionally, he has handled numerous dispositions and land acquisition assignments for his clients.
"We're excited to welcome Bob to our region's growing team of retail experts," said Managing Director Larry Emmons. "Bob's 30-plus years of experience, his retail industry expertise and his relationships across Michigan will be tremendous assets as we further build out our full-service retail offering and continue expanding our brokerage footprint."
As the Detroit area continues its rebound, the retail market has grown stronger. Year to date, the market has seen 43 sales of retail properties over 20,000 square feet and 163 leases executed over 2,000 square feet. The Woodward Avenue retail corridor has seen new life in recent years and on the development front, there are many significant projects in the pipeline.
"The Detroit region is showing a lot of promise when it comes to retail, especially with a number of new commercial developments currently in the pipeline. I'm thrilled to be a part of a team that continues to grow with the ever-evolving retail needs of the region," said Mihelich.
After graduating from Northern Michigan University with a Bachelor of Arts, Mihelich received his real estate sales license. He is a member of the International Council of Shopping Centers (ICSC) and the Detroit Area Commercial Board of Realtors, and is also an ambassador for the Sunrise Networking Group—a local premier business networking group.
For more information on JLL's Detroit office, visit jll.com/Detroit.
About JLL Retail
JLL's Retail Group serves as the industry's leader in retail real estate services. The firm's more than 800 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 90 retail brokerage experts spanning more than 25 major markets, representing more than 440 retail clients. As the largest third party retail property manager in the United States, JLL's retail portfolio has 350 centers, totaling 67 million square feet under management in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects. For further information, visit www.jllretail.com
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
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