JLL acquires retail brokerage firm Wilson Retail Group
Chicago — JLL is getting a big boost to its retail business by acquiring Wilson Retail Group, an independent retail brokerage and capital markets firm in Southern California.
The transaction will enable JLL, the nation’s largest third-party retail property manager, to provide a broader range of brokerage and investment sales services to retailers and investors in a core urban gateway. The transaction closed for an undisclosed sum.
“Wilson Retail Group is an excellent fit for our expanding retail brokerage business. This team is the No. 1 retail agency leasing group in the region and currently represents nine million square feet of retail space in 75 shopping centers, and the firm’s investment sales team has $125 million of retail assets on the market,” said Peter Belisle, market director for JLL’s Southwest Region.
A total of 16 people from Wilson Retail Group will now become a part of JLL. Chris Wilson will now serve as executive VP, Southwest brokerage lead, JLL Retail. Scott Burns will serve as executive VP, retail brokerage lead for JLL’s Los Angeles office. Geoff Tranchina will join as executive VP, investment sales.
The new Wilson executive team will report to Belisle, and partner closely with Naveen Jaggi, president of JLL’s Americas Retail Brokerage business.
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