News release

JLL Capital Markets establishes presence in Salt Lake City

Phil Brierley joins the firm as a Senior Director to lead capital markets efforts in the region

December 07, 2020

DENVER, December 7, 2020 – JLL Capital Markets announced today that Phil Brierley has joined the firm as a Senior Director focused on investment sales advisory transactions in its Salt Lake City, Utah, office.    

Mr. Brierley and his team advise clients on all facets of real estate capital markets, with a focus on office & industrial assets. He has more than 12 years of experience in commercial real estate and joins JLL from a national commercial real estate brokerage firm where he worked as a Vice President of Investments and managed the Utah and Idaho investment platforms. Prior to that, he held a position with Morgan Stanley Capital International’s real estate platform in Chicago. Mr. Brierley received his Master’s in Real Estate Development from the University of Utah and his undergraduate degree from Rhodes University. He is an active member of the real estate community and currently sits on the board of the Utah Chapter of CCIM.

Also joining the newly established Salt Lake City capital markets team is Director Cole Macadaeg. Prior to JLL, he worked as an Associate at a national commercial real estate brokerage firm. Mr. Macadaeg’s focus is on manufacturing, distribution and flex industrial space. Mr. Macadaeg holds a bachelor’s degree from the University of Utah.

“There’s no question that this is the right platform for our clients and for the Salt Lake market,” said Brierley, “JLL’s acquisition of HFF in 2019, and the capital markets powerhouse that created is something unique in our industry. Cole and I are lucky to be at that front of that expansion and are beyond excited to show our market what this platform can do.”

“Our capital markets team has been looking to expand in Salt Lake City for quite some time,” said Mark Katz, Senior Managing Director and co-head of JLL Capital Markets Denver. “As with all of our new hires, we seek to find the right cultural fit and Phil and Cole embody all that we look for.  Salt Lake City is a market that we plan to significantly grow our capital markets presence and Phil is going to help us achieve that goal.  We welcome Phil and Cole to the team and look forward to serving our clients in this growing market.”

“We are excited to have Phil join our growing Salt Lake City brokerage office,” added Managing Director Jim Balderson. “In additional to Phil’s extensive real estate resume, we look forward to his leadership and value to our strong culture at JLL.”

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 investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit