Jones Lang to Manage RREEF Retail – Analyst Blog
Posted on December 11, 2009 at 14:09 PM EST
Jones Lang LaSalle, Inc. ( JLL ), a leading full-service real estate firm, has recently taken over the management control of 29 retail centers of RREEF Real Estate, a real estate company that acquires and manages investments in commercial and residential property on behalf of its institutional and private clients worldwide. Out of the 29 retail centers currently managed by Jones Lang, 3 are located in the Jacksonville area, while the other shopping centers are located in Boca Raton, Palm Harbor and Miami. The RREEF portfolio managed by Jones Lang total approximately 57 million square feet of space, and is located primarily in the West, the Northeast and the Southeast regions of Florida. Jones Lang provides corporate, financial, and investment management services to corporations and other real estate owners, users, and investors worldwide. A broad real estate product and service range, and extensive knowledge of domestic and international real estate markets enable the company to operate as a single-source provider of real estate solutions. With about 180 corporate offices across the globe, Jones Lang operates in more than 750 locations in 60 countries. Jones Lang is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the largest and most diverse in the real estate sector with over $37 billion of assets under management. Read the full analyst report on "JLL" Zacks Investment Research
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