JLL Brokers Sale of Inverness Corners and Plaza Open-Air Center in Birmingham
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On behalf of a joint venture between a global investment management firm and Bayer Properties, JLL’s Capital Markets experts today announced the firm has completed the sale of Inverness Corners and Inverness Plaza, two open-air shopping centers in Birmingham, Alabama. Branch Properties purchased Inverness Corners, a 236,444-square-foot center shopping center anchored by Winn-Dixie and Kohl’s, and Inverness Plaza, a… Read More
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Categories: Americas Retail, Investment and tagged Investment, JLL, Margaret Caldwell, Margaret Jones, sale.
JLL today announced it has strengthened its retail client services in North Texas with the addition of industry veteran Tom Salanty. Salanty joins the firm as a Managing Director and brings more than 30 years of experience in retail investment sales. In his role, Salanty will bolster the firm’s retail practice throughout North Texas, partnering closely with Managing Directors Adam… 
CityCenter Holdings, LLC (“CityCenter”), a venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp., today announced that it has entered into a definitive agreement with a venture led by Invesco Real Estate (NYSE: IVZ) and Simon Property Group (NYSE: SPG) to acquire The Shops at Crystals for a purchase price of approximately $1.1 billion.
Managing Director Margaret Caldwell, Vice President Diane Roberts and Associate Eric Spencer led the JLL… 
JLL today announced the firm has made a strategic move to establish a dominant full-service Capital Markets platform in New England. The firm has hired industry veterans Chris Angelone and Bill Moylan as Managing Directors and Nat Heald as an Executive Vice President to bolster the firm’s Capital Markets services in the region. Angelone will co-lead JLL’s New England Capital Markets platform… 
On behalf of CBL & Associates Properties, Inc., JLL’s Capital Markets experts today announced the sale of Eastgate Crossing Shopping Center. A joint venture of Inland Real Estate Corporation purchased the center. The nearly 175,000-square-foot property is 100 percent occupied by anchors Kroger, Marshalls, Ashley Furniture and Jo-Ann Fabrics.
As consumer confidence continues to climb and economic prospects for retailers improve, JLL is getting a big boost to its retail business by acquiring Wilson Retail Group, a leading, independent retail brokerage and capital markets firm in Southern California. The transaction will enable JLL, already the nation’s largest third-party retail property manager, to provide a broader range of brokerage and investment… 
As Dallas continues its strong momentum forward with one of the highest levels of retail construction in the nation and proportional absorption rates, JLL stands poised to answer growing demand for retail investment sales expertise in the North Texas market.