JLL Completes Acquisition of Martin Potts & Associates
Acquisition of Real Estate Development Services Leader Meets Growing Need for Project and Construction Management Services in West
(firmenpresse) - CHICAGO, IL and IRVINE, CA -- (Marketwired) -- 11/24/15 -- Meeting the demand of increasing development and redevelopment activity in California, (NYSE: JLL) has completed the acquisition of Martin Potts & Associates, Inc., a leader in project and construction management services for retail, hospitality, healthcare and office properties. The transaction, , is the latest example of JLL''s disciplined acquisition strategy and expands JLL''s project management and retail services expertise in the West.
MPA was founded in 1991 by president Marty Potts, who joins JLL along with partner Greg Holcomb and the MPA team. Potts will now be responsible for overseeing Project and Development Services for JLL in Orange County.
"The positive reactions we''ve received since announcing our move to JLL confirm that it is the right thing to do for our people and our clients," said Potts. "After building MPA over the last 25 years, we''ll now be able to expand the services we provide our clients and contribute to JLL''s growth."
"We welcome our new colleagues and are confident they will help provide our clients with an even stronger platform of development management services," added Peter Belisle, Market Director for JLL''s Southwest Region. "Together with the recent acquisitions of CLEO Construction Management, Shelter Bay Retail Group and Wilson Retail Group, this move is a great step forward for JLL in the West."
JLL''s group, an industry leader in the management of design, construction and relocation services for a wide range of projects from interior build-outs to multi-site developments, manages more than 24,000 projects annually in the U.S., including $12 billion in projects currently under management.
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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 .
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Datum: 24.11.2015 - 14:00 Uhr
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