JLL grows Philadelphia retail advisory practice with new brokers to lead Retail Leasing

PHILADELPHIA, Feb 28, 2019 – JLL today announced the addition of two new retail brokers to its Philadelphia brokerage team. Paige Jaffe, Managing Director, and Mallory Scaccetti, Senior Vice President, will be joining JLL as the firm launches its Retail Leasing practice in the Philadelphia Region. With the addition Leasing to its already strong Property Management, Capital Markets and Project & Development Services retail platform, JLL Philadelphia is now positioned to be a dominate retail player that will provide not only accelerated revenue growth but will round out the existing regional platform.

Completing the retail picture in Philadelphia with the addition of Jaffe and Scaccetti will allow JLL to provide truly comprehensive retail advisory and consulting to all clients in this space. This added component will also synergize with JLL Philadelphia’s robust Office Agency platform, especially in Center City where quality, ground-floor retail is a must in nearly every new project, renovation, or repositioning of an asset.

“The building of a female-led service line of this caliber is a first in the Philadelphia Region for any commercial real estate firm, which showcases JLL’s forward-thinking approach when it comes to diversity in a traditionally male-dominated industry,” said Naveen Jaggi, President of Retail Advisory Services and Capital Markets at JLL. “With a rapidly evolving retail mix in Philadelphia submarkets such as Market East, Rittenhouse, University City, and Schuylkill Yards, JLL has chosen a team that is not only the best in the market, but breaks the traditional brokerage mold.”

The new team, with nearly 15 years of combined experience, will be overseen by Executive Managing Director & JLL Philadelphia Market Director, Mike Morrone, and work closely with Jaggi as well. They’ll also interface with many other service line leads, such as Jim Galbally, Managing Director of Capital Markets, who already has a strong focus on retail, to enhance retailer and investor needs in the region.

“We have been focused on deepening our client service in retail as the Philadelphia market has a great deal of retail momentum,” said Morrone. “With the renewed focus on redevelopment in the region, there is a significant need for powerhouse brokers with in-depth knowledge of the Philadelphia market.”

Paige Jaffe is an experienced Philadelphia broker specializing in both tenant and landlord representation. Throughout her career, Jaffe has worked across several high street markets including Philadelphia, New York City, Washington D.C., and Pittsburgh. During her career as a commercial real estate broker, Jaffe has worked with retailers such as Apple, Anthropologie, Urban Outfitters, and Warby Parker to bring their retail concepts to the city of Philadelphia.

Mallory Scaccetti is a broker with four years of experience in commercial real estate and extensive experience in upscale mixed-use projects in Philadelphia’s Center City and the surrounding suburbs. Most notably, in 2018 Scaccetti worked on the Brandywine Realty Trust’s redevelopment of the almost seven-million-square-foot Schuylkill Yards location. Scaccetti was responsible for the mixed-use aspects of the project which included “eat-entertainment” destinations, community focused concepts, and retail space for innovative and progressive brands. Her focus on consumer behavior and tracking of developing brands makes her an expert for burgeoning retail brands looking to enter the Philadelphia market.

We are passionate about Retail, and we’re ready to share intelligence to help you achieve your ambitions. To us, retail intelligence is more than just information. It’s the combination of three key elements. First, we have reliable data and powerful connections across the globe. As the leading third-party retail service provider, we have access to more than 1,940 centers totaling 168 million square feet under management, lease, and sale. That’s Market Intelligence. And, because we are all people we talk like people, our meetings are conversations and our relationships are collaborations. We have 200 retail brokerage experts spanning 37 markets, supporting 1,480 retail clients. That’s People Intelligence. Then natural curiosity kicks in. We move steps ahead of the industry and are constantly seeking inspiration. That’s Future Intelligence. Together, these work to form Retail Intelligence. The fuel for your Ambitions. For more news, videos and research from JLL's retail team, please visit: www.jllretail.com.