JLL adds quartet of retail investment sales experts in Los Angeles0 Comment
Tom Lagos, Patrick Toomey, Jordan Uttal and Heather Boren to strengthen retail platform in Southern California
JLL is strengthening its West Coast retail client service offerings yet again. January 2018, the firm added investment sales experts Tom Lagos and Patrick Toomey as Executive Vice Presidents and Jordan Uttal and Heather Boren as Vice Presidents. Together the quartet will provide retail investment sales and disposition capabilities, and complete the firm’s already robust leasing, management and tenant representation platform. They will partner closely with Executive Vice President Geoff Tranchina on investment sales and Scott Burns on brokerage.
“The expansion of our retail team in Los Angeles remains a big focus for JLL,” said Peter Belisle, JLL Southwest Market Director. “Our clients have increasingly been in need of retail disposition and investments sales support, and the addition of Tom, Patrick and their entire team will deepen our retail platform and advise our clients on the full lifecycle of their assets. We will continue to make opportunistic hires in Los Angeles, seeking experts who provide value to our clients and who embody our culture of ethics and integrity.”
“Two years ago we made a commitment to our clients to serve all their retail needs on the West Coast. We acquired Shelter Bay to bolster our property management and Wilson Retail Group to broaden our tenant representation and agency leasing capabilities. Now, with the addition of Tom, Patrick, Heather and Jordan we have the last piece of the puzzle – investment sales abilities,” said Naveen Jaggi, President of Retail Brokerage and Capital Markets, JLL.
Lagos and Toomey are the latest addition to the firm’s ever expanding West Coast retail practice, following the addition of Adam Fisher, Kristin Grove, Bob Dishler, Johnathan LaChance and Howard Wong in 2017, and the prior Shelter Bay and Wilson Group acquisitions.
Lagos brings more than 23 years of experience specializing in the disposition of retail properties across the United States. Throughout his career he has completed transactions valued at more than $3 billion. Toomey has excelled in the retail real estate industry for more than 35 years, most recently serving as a leading investment sales executive where he has led more than 400 transactions valued at more than $3 billion.
With more than 10 years of experience, Boren has been responsible for the acquisition and disposition of nearly $1 billion in retail real estate, serving as both an investor and broker. Uttal has been specializing in the advisory, consulting and transactional services of investment retail properties since 2005, with $500 million in transaction volume.
JLL is the largest third party retail property manager in the United States with more than 1,300 centers, totaling 131 million square feet under management, lease and sale. The firm has more than 150 retail brokerage experts spanning 35 markets, representing over 1,300 retail clients. In 2016, JLL’s retail team completed 1,200+ leases on transaction management and lease renewals, generated $65.3 million in savings to clients through restructuring services, negotiated 950+ leases for retailers and 1,200+ leases for landlords and completed more than $5.4 billion of investment sales, dispositions and financing for investors. For more news, videos and research from JLL’s retail team, please visit: www.jllretail.com