JLL Takes a Bite Out of the Big Apple’s Retail Market

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Patrick SmithJLL 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 is part of JLL’s strategic growth plan for its local and national retail brokerage business. “We continue to invest in top talent across our New York business. Patrick’s skill and experience will be an asset to our clients, significantly advancing our local and international retail brokerage capabilities,” said Riguardi.

Smith’s arrival is the second major retail coup for JLL following the addition of Vice Chairman Robert Gibson to drive the expansion of the firm’s retail brokerage business in Manhattan in April 2014. JLL has been actively recruiting top retail brokerage talent around the nation, and has added 40 new retail brokers to its national team in the past eight months. The firm is already the largest third-party retail property manager in the United States

“Bringing Patrick onboard supports our goal to be a leading retail brokerage firm in New York City, and expands our capabilities in a top U.S. market, adding significant opportunity to the firm’s services locally, nationally and globally,” said Naveen Jaggi, President Retail Brokerage, JLL. “Patrick has incredible credibility in the market, and embraces and promotes strong principles of business, a pillar of our company culture.”

Smith brings a wealth of knowledge in all facets of retail brokerage, management, capital markets and operations to JLL. He represents many top retailers and has led the expansion of brands in the most significant leasing transactions in New York’s urban core, and beyond into the boroughs and Long Island.

“Patrick’s decision to join JLL is a testament to the momentum the firm continues to build across its retail practice and among brands at the local, national and global level,” said Phil Palmer, Executive Managing Director of JLL New York Brokerage. “Our latest strategic move further reinforces the strength of our platform and the commitment to our retailer and investor clients.”

Smith also holds a number of awards including the Real Estate Board of New York “Most Creative Deal of the Year” Award Winner in 2007; has been named a Co-Star Power Broker 2006, 2007, 2010, 2011, 2012; was the Greendeal “Retail Deal of the Year” Award Winner in 2007, and is a Multi-year Staubach Retail Solutions Top Achiever & Top Producer Award Winner. He serves on the Stores Committee for Real Estate Board of New York (REBNY), is an active retail consultant to the Grand Central Partnership and has served the International Council of Shopping Centers (ICSC) as the Chairman of the 2012 New York Convention.


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