SOURCE: JLL

JLL

November 17, 2014 15:48 ET

JLL Completes Acquisition of Cresa Portland

CHICAGO, IL and PORTLAND, OR--(Marketwired - Nov 17, 2014) - JLL (NYSE: JLL) has closed the previously announced acquisition of Cresa Portland, which specialized in tenant representation and corporate services, creating a more powerful full-service real estate office in the growing Portland market. 

Cresa Portland Founder and Managing Principal Craig Reinhart, Managing Principal Chris Elsenbach and 11 other professionals joined JLL's 150-strong Portland team led by Buzz Ellis. Additionally, Matt Newstrom is leading JLL's Portland Project and Development Services practice; Niall Travers is co-leading the local tenant representation group with JLL's Eric Haskins; and Eric Turner, Matt Ryer and Charlie Floberg are supporting local and global corporate clients.

"The initial reaction from our clients has been overwhelmingly positive," said Reinhart. "They consider this a real benefit for them because we are continuing to focus on their specific corporate needs while providing them access to the broader suite of JLL services." 

For additional information on JLL acquiring the assets of Cresa Portland, LLC, please refer to the news release issued on Nov. 12, 2014.

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. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $53.0 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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