SOURCE: JLL

JLL

December 14, 2015 15:00 ET

JLL Acquires Cresa South Florida

Broadens Real Estate Services for Tenants Seeking to Expand in Region

CHICAGO, IL and MIAMI, FL--(Marketwired - Dec 14, 2015) - As South Florida becomes an increasingly attractive market for companies entering the United States and existing businesses looking to expand in the region, JLL (NYSE: JLL) has acquired leading tenant-focused real estate firm Cresa South Florida. Over the last 20 years, Cresa has earned a reputation for its long-term client relationships across the region's economy-driving industries, including finance and banking, law, healthcare, education, tourism and professional services. The acquisition is consistent with JLL's disciplined growth strategy and strengthens the firm's local tenant representation and project management services.

Cresa South Florida principals David Prevé, Barbara Liberatore Black, Charlie Barton, John Marshall, Matthew Cheezem, Glenn Olson, Matthew Goodman and Alan Kleber will join JLL along with more than 20 other professionals. The team will work closely with JLL's Florida Market Director Doug Irmscher, who oversees the firm's overall business in the state.

"Our partners made the decision to join JLL to give our professionals the opportunity to be part of a company that is recognized as the global gold standard in our industry and that shares our vision for serving clients in South Florida," said Kleber. "JLL's comprehensive global platform will allow us to meet the increasingly complex needs of our clients, help them make better real estate decisions and achieve more value aligned with their business goals."

Cresa's employees will join JLL's 650 employees statewide. JLL is one of the leading full-service commercial real estate firms in the state, with offices in Miami, Fort Lauderdale, Palm Beach, Tampa, Orlando and Jacksonville. The firm has a leasing and management portfolio in Florida totaling more than 28.6 million square feet, including some of the state's most iconic commercial buildings.

Across Florida, JLL provides a broad platform of specialized real estate services, including landlord and tenant representation, capital markets, project and development services, corporate solutions and property management. It serves the office, retail, industrial, hospitality and multi-family markets.

"The acquisition of Cresa South Florida significantly expands and strengthens JLL's footprint in the South Florida market, with an emphasis on advising some of the largest and most important companies in the region," said Irmscher. "The Cresa team is a perfect fit with JLL's culture as both firms share the core values of integrity, trust and excellence, which should make this a seamless transition that provides added value to our clients right from the start."

For more news, research and information from JLL, please visit: www.jll.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 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.

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