JLL expands Industrial Brokerage team with the hiring of Peter D. Sheridan in South Florida
JLL expand its industrial brokerage services in South Florida, with the hiring of Peter D. Sheridan as Executive Vice President.
Ft. Lauderdale, February 06, 2020 – As JLL continues to expand its industrial brokerage services in South Florida, the firm announces the hiring of veteran industrial broker Peter D. Sheridan as Executive Vice President. Sheridan will focus on providing real estate brokerage services for mostly Blue Chip Landlord clients in Dade, Broward and Palm Beach Counties. Peter leads a team that will oversee the leasing of close to 5 million square feet of Class A distribution and manufacturing space across South Florida.
“With Peter’s excellent reputation and long history of successful representation of major clients in South Florida, we felt he was a great fit for our growing team of high-caliber brokerage professionals within the industrial practice,” said Brian Smith, Managing Director at JLL, who also serves as JLL Industrial Lead for South Florida. “Peter’s addition to the team will support our growth plans for the region and he will play an important role in serving our clients’ industrial properties, particularly in the Broward and Palm Beach markets.”
Sheridan brings 33 years of experience in South Florida’s commercial real estate market, with extensive expertise in brokerage, development and private ownership asset management. Most recently, as Senior Director of Leasing and Development for Liberty Property Trust, he spearheaded marketing and leasing of the firm’s existing and under development industrial portfolio. Before that, he was part of JLL’s agency leasing team in South Florida, where he was responsible for the leasing of 1.9 million square feet of office space in Broward and Palm Beach counties. He has also held past leadership positions with Premier Commercial Realty and The Hogan Group.
“Peter’s return to JLL underscores our commitment to investing in real estate professionals with extensive experience, deep roots in the community and a proven track record in the market,” said JLL Florida Market Director Tim Rivers. “With Peter onboard, we will significantly expand our portfolio and footprint in the Miami-Dade, Broward and Palm Beach markets, further strengthening our industrial practice in the region.”
Sheridan’s property assignments total about 4.9 million square feet of distribution and manufacturing space, comprised of 3.5 million square feet of existing product and 1.4 million square feet of new space in the development pipeline. The property portfolio, which he will continue to represent at JLL, includes three large industrial properties. One of them is the 126-acre master planned Miami International Tradeport in Medley, which when completed will incorporate 1.7 million square feet spanning 10 buildings. Currently, seven of the 10 buildings have been completed and are fully leased. Another is the Prologis Airport Center, offering 660,000 square feet of industrial space in six buildings situated in West Palm Beach, and the two-building Prologis 595 Logistics Center totaling 321,000 square feet of industrial space in Dania Beach.
An active member of NAIOP Commercial Real Estate Development Association, Sheridan has served on the Board of Directors of the South Florida chapter and is a past president of the South Florida chapter. He holds a degree in economics from Wabash College in Indiana.
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, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.