JLL grows Retail team with addition of new Vice President
Giorgio Karras brings more than 20 years of extensive retail experience to JLL
Cincinnati, March 7, 2018 – JLL is pleased to announce the hire of Giorgio Karras to its Cincinnati retail team, effective immediately. Karras, formerly at NAI Bergman, will bring more than 20 years of retail leasing and investment experience to JLL’s growing retail service line.
Karras’ previous experience includes working as an Asset and Portfolio Manager, and specializing in sales and leasing of retail investment properties. He provides services to an assorted mix of clients, including Mercedes Benz, IHOP, Orscheln Farm and Home, Wyndham Hotels and more.
Karras will work alongside JLL’s Cincinnati retail team, as well as Managing Director Bill Poffenberger.
“We’re thrilled to welcome Giorgio to our team and to further enhance the firm’s retail offerings in the region,” said Poffenberger. “His expertise in the retail sector and past experience working with both high-profile regional and national companies will serve as an invaluable asset to our clients.”
In the wake of a shifting retail landscape, Cincinnati’s retail market has proved strong. In 2017 alone, the market saw more than 75 transactions in retail properties over 20,000 square feet. Similarly, more than 200 lease transactions were signed, all of which accounted for more than 3,000 square feet, including Marshalls on Montgomery Road and Cracker Barrel on Alexandria Pike.
“Although the retail market is changing, Cincinnati is a market that has seen steady activity and a number of notable deliveries and lease signings,” said Karras. “I’m eager to maximize JLL’s platform and talent to help maintain, and accelerate, momentum in the region.”
After graduating from Wright State University with a Bachelor of Science in Finance, Karras received his real estate license in 2005. He has been a member of the International Council of Shopping Centers (ICSC) since 2007 and sits on the Cincinnati Board of Realtors.
For more information on JLL’s Cincinnati office, visit jll.com/Cincinnati.
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.