JLL Property Management launches national life sciences group
Due to the increase in demand within the sector, the firm has promoted Timothy Martin to lead the newly established service line
CHICAGO, Feb. 1, 2022 – JLL Property Management announced today that it has promoted Timothy Martin to Managing Director to lead the new U.S. life sciences property management business. In this role, he will focus on delivering innovative and consistent management solutions to investors, leveraging his in-depth knowledge of life science operations.
The formation of JLL Property Management’s national life sciences group comes at a time of unparalleled growth within the life sciences sector. According to JLL’s 2021 Life Sciences Lab Real Estate Outlook, early-stage venture capital funding reached $17 billion in the first half of 2021. This record investment in deals indicates emboldened investor optimism in life sciences and is expected to remain abundantly strong in the future terms.
“I am excited to partner with our property management teams nationally to leverage our best-in-class management platform and meet the unique demands of life science assets,” said Martin. “We are focusing on educating and preparing teams for the rapidly evolving demands of life science tenants and investors.”
Prior to his current role, Martin served as JLL’s Group Manager for a large institutional investor in East Cambridge, Massachusetts. In this position, he led a complex portfolio of life science, development, commercial office, residential and retail product types and partnered with a team of over 30 property management professionals. He has managed life science assets for nearly 20 years, including BioMed Realty Trust’s Center for Life Science in Boston. Martin began his career as a Tenant Coordinator with JLL/Spaulding and Slye in Boston’s Financial District.
“We are pleased to have Tim head our new national life sciences property management business,” said Mark Zettl, President of JLL Property Management. “With Tim’s new role and the launch of the group, JLL will further its capabilities in providing our expertise and advanced solutions to the rapidly growing life sciences sector.”
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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 $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.