May 12, 2015
JLL’s Los Angeles presence recently got bigger. The Chicago-based commercial real estate services firm, which has the second highest revenue of any in that arena purchased Wilson Retail Group.
Wilson, which specializes in grocery-anchored shopping centers, is leasing nine million square feet in the area, which comprises 75 assets. The firm is also marketing $125 million in centers.
Founder Chris Wilson said that he does not expect and layoffs after he, president Scott Burns and their 13 employees are merged into the JLL banner. Instead, he sees JLL actually making more retail hires.
Wilson is now executive vice president and Southwest brokerage lead of JLL’s retail operations, while Burns is now executive vice president and retail brokerage lead of JLL’s Los Angeles operations.