REAL ESTATE

JLL expands into Phoenix

BY Michael Fickes

PhoenixJones Lang LaSalle is expanding its retail brokerage platform into Phoenix. Tyson Switzenberg will lead the firm’s new Phoenix practice. Senior Associate John Reva and Associate Trask Switzenberg will join him.

All three have come to JLL from SR Commercial Real Estate and have brought with them a strong roster of local and national clients. In their new roles, they will be responsible for developing and executing strategies that serve the full range of clients’ real estate needs, while developing new business opportunities for current and future investor and retailer clients.

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REAL ESTATE

JLL names new Midwest property management lead

BY Michael Fickes

Chicago Jones Lang LaSalle Retail has announced the expansion of its Midwest platform with the addition of Sylvia Payette as the new Midwest property management lead.

Based in the firm’s Chicago headquarters, Payette will partner with Larry Kilduff, the Midwest retail market lead to maximize client’s property values and net operating income by developing and executing strategic operational efficiencies. She will also oversee the firm’s 11.5-million-sq.-ft. portfolio of shopping centers under management in the Midwest.

Payette joins JLL from Inland American Retail Management, where she served at regional property manager/VP of property management. A 20 year industry veteran, she is experienced in developing and managing regional offices, financial reporting, negotiating, steering legal matters, business accounting, and commercial associations.

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REAL ESTATE

Sidecar to open in Tucson’s Broadway Village

BY Michael Fickes

Tucson, Ariz. — Sidecar, a craft beer and cocktail bar, plans to open a 963-sq.-ft. upscale lounge at Broadway Village in Tucson. Slated to open in March of 2014, the bar will seat 40 people inside and 12 to 15 people on a patio.

Commercial Retail Advisors represented the landlord, CRI Broadway Village Partners in the transaction. Sidecar handled the lease negotiations itself.

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