JLL today announced that the firm has secured four leases on the ground floor of 1407 Broadway in New York City. The four new-to-market food concepts, ’wichcraft, Luke’s Lobster, Gregory’s Coffee and Juice Generation are all expected open by mid-2017. Shorenstein Properties LLC, who purchased the property in May of 2015, hired JLL to market the 25,000-square-foot retail component in the building, which is a full block on Broadway between 38th… Read More
JLL makes another bold recruiting move with the addition of industry veteran Patrick Smith as Vice Chairman in the firm’s New York brokerage business. Smith has been serving retailers and investors operating in the New York region with a broad range of retailer representation, agency leasing, development and property management counsel for 23 years.
JLL’s New York President Peter Riguardi says Smith’s addition… Read More
During the recent recession, many owners and investors of retail real estate scrambled to fill vacancies, and short-term leases dominated the shopping center landscape. Fast forward five years: retail net absorption and rental rates are trending upward and those same owners have reclaimed their seat at the table for lease negotiations and… Read More
As part of its continued growth in retail brokerage, JLL today announced its expansion into the Great Lakes Region with the addition of Melissa Ruther and Mary Bresnahan as Vice Presidents, Retail Brokerage. The new team will be led by Steve Yenser as part of his current role as National Retail Brokerage Lead for JLL. Together, they will focus on all… Read More