JLL strengthens Value and Risk Advisory platform with addition of industrial expert

CHICAGO, Oct. 31, 2023 – JLL’s Value and Risk Advisory platform announced today that it has appointed Patrick Shannon as an Associate Director based in Michigan. With an extensive background in industrial property types, Shannon brings a wealth of experience and expertise to the team, further enhancing JLL's capabilities in the Midwest region. Shannon will work alongside Jim O’Leary, who leads the Midwest industrial team.

"We are delighted to welcome Patrick to our industrial team," said Katie Parsons, Executive Managing Director and National Head of the Industrial Property Sector at JLL Value & Advisory Services. "Patrick's longstanding experience in the industrial sector and his exceptional track record of providing client-focused solutions make him a valuable addition to our platform. His appointment reinforces our commitment to delivering best-in-class services to our clients across the region."

Shannon’s responsibilities will include conducting appraisals and consulting assignments for a wide range of industrial properties, including flex, manufacturing, warehousing, and vacant land uses. With his deep understanding of the market and comprehensive knowledge of industrial assets, Shannon will play a critical role in providing strategic advice and insights to clients across the region.

Prior to joining JLL, Shannon spent 17 years with Grubb and Ellis, which was acquired by Newmark, where he served as a Senior Managing Director. In this capacity, he successfully represented private and institutional owners in the sale of office, industrial, retail, multi-housing and special-purpose properties. Shannon's career began with Allen & Associates Appraisal Group, and he has also held sales and management positions with prominent firms such as Cushman & Wakefield, Nemer Property Group and Milestone Realty Services.

Shannon holds a bachelor’s degree in Economics from the University of Michigan and is a Practicing Affiliate of the Appraisal Institute.

“Throughout my career, I’ve admired the reputation of JLL and the talent of their professionals,” Shannon added. “I’m excited to join the JLL Value and Risk Advisory team and look forward to the years ahead.”

JLL Value and Risk Advisory is the essential guide to the changing face of real estate values and risk. Our expert value and risk specialists are here to help investors and lenders identify, mitigate and monitor risk, and optimize real estate values across all sectors and geographies.

2,500 experts in over 35 countries analyze $3 trillion of real estate, delivering actionable risk and value insights, so investors and lenders stay ahead in the market. A global community of sector-based specialists, the team delivers tailored client solutions for your real estate and business asset interests, giving an accurate picture of value and risk across any opportunity.

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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.