JLL’s Retail Agency Leasing team success signals retail recovery

Showcasing the vibrancy of the retail market in 2021, JLL Retail’s national leasing team enjoyed success growing its leasing activity over 600 percent from 2019.  The team also had several other accomplishments in 2021 including the launch of a new boutique leasing team.  JLL Retail’s national leasing team encompasses 25 professionals, managing or leasing 80 centers across the US and Canada totaling 170 million square feet.

“Our talented team of leasing professionals secured nearly 200 new deals in 2021 across all center types and classes of properties,” said Paul Chase, JLL Executive Vice President of Retail Agency Leasing.  “Their relentless pursuit to bring new deals to our clients is why JLL is the leading third-party property manager and leasing team in North America.”

Highlights of the team’s success in 2021 include:

• 700+ leases signed in the United States and Canada, a 600% increase over 2019

• Grew team to 25 national leasing professionals in 2021 in the United States and Canada to support business growth

• Led by Molly Morgan, JLL Senior Vice President of Agency Leasing, created a boutique leasing team, 10Twelve, that leases properties that are as unique and vibrant as the communities they serve. The team is focused on finding retailers and restaurants that are special to the market – the up-and-coming chef creating delicacies in a food truck, the local designer becoming a social media star or the experience that everyone in the market is talking about.  JLL’s Retail team currently has eight properties under the 10Twelve group.

• Retained for the management and leasing of the Ivanhoe Cambridge Canadian shopping centers, expanding its footprint into Canada but also diversifying JLL’s resources and creating an opportunity to bring first-to-market concepts into the U.S. and Canada within one portfolio

“While the retail industry experiences an evolution, we continue to see an incredible number of retailers, restaurants and professional service firms believing in the industry and signing leases at our managed centers,” said Greg Maloney, President and CEO of JLL Retail. “We expect this momentum to continue as consumers need retail for goods, experiences and a sense of community.”