JLL’s Valuation Advisory group hires Katie Parsons to lead national industrial platform
Parsons will focus on building out a national practice and recruitment and retention
CHICAGO, April 6, 2022 – JLL’s Valuation Advisory group announced today that it has hired Katie Parsons, MAI, as Managing Director – Head of Industrial Property Sector, where she will focus on driving growth, building the industrial platform, enhancing the customer experience and providing value to clients.
Parsons is a recognized industrial leader with a track record of success in real estate valuation, strategic planning, business growth, economic modeling, consultation and advisory and portfolio execution and valuation. Prior to joining JLL, she led the national industrial valuation and advisory practice at another leading commercial real estate services firm, where she increased revenues and provided leadership and valuation guidance to more than 100 professionals in North America.
“Investor demand for industrial space has soared over the past few years with unprecedented growth,” said Tony Lenamon, Americas Head of Valuation Advisory. “Katie brings a host of experience that will enable us to serve the needs of our clients like never before, and we are thrilled she is here to shepherd us into a new era for our industrial platform.”
As the leader of the industrial sector, Parsons, who is based in Seattle, is primarily responsible for driving growth of the national industrial platform and managing client relationships along with recruiting and mentoring team members, managing risk and collaborating with technology and operations to improve the platform.
“I’m delighted to be joining a world-class organization like JLL, whose reach and reputation are unrivaled in the industry,” Parsons said. “I’m looking forward to working collaboratively to make JLL the most trusted and reliable partner for our clients and the preferred employer for those looking to advance their careers in this industry. One of my goals is to pair the collaborative culture and innovative technology platform to make JLL’s Valuation Advisory group a home for those who have been traditionally limited in their growth opportunities in our industry.”
Even with industrial deliveries on the upswing, surging tenant demand has created a supply and demand imbalance, with supply growth unable to keep up with occupier and investor demand. JLL Research predicts rental growth for industrial will increase more than 8% throughout the year, depending on the market, due to rapidly aging industrial inventory coupled with fierce competition among tenants and investors.
“Industrial is one of the most coveted asset classes from both the occupier and investor side.” Parsons added. “The market is changing on a daily basis, and the platform and professionals at JLL excel at understanding and communicating the real-time nuances and drivers making this sector so desirable.”
JLL Valuation Advisory is the essential guide to the changing face of real estate values and risk. The group brings together unrivalled human intelligence and experience, with continuous, data-driven insights to uncover a panoramic view of Value and Risk across sectors and geographies.
JLL’s 2,000 qualified valuation professionals are connected across more than 50 countries, sharing insights and real-time data to deliver tailored client solutions and advice for its clients’ real estate and business asset interests. The team is globally connected but also maintains sector-based expertise and deep local knowledge in every market.
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U.S. property valuation and tax consulting services are performed by JLL Valuation & Advisory Services, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.
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 $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.