Jones Lang LaSalle Establishes Prominence in Seattle and Portland with Pacific Real Estate Partners Merger
SEATTLE, WA – October 18, 2011 – (RealEstateRama) — Jones Lang LaSalle announces that it has merged operations with Pacific Real Estate Partners, Inc., one of the Pacific Northwest’s leading real estate services firms. The combined firm will have a leading presence in the Pacific Northwest, with greatly enhanced strength and depth of service capabilities across the region that will directly benefit the clients of both companies.
“The merger of Jones Lang LaSalle and Pacific Real Estate Partners was driven by client demand for broader and deeper services, as well as the anticipated growth of the Pacific Northwest,” said Elizabeth Hearle, Northwest Market Director, Jones Lang LaSalle. “While this is a mutually beneficial merger for Pacific Real Estate Partners and Jones Lang LaSalle, the real beneficiaries are our clients who will now have access to a broader platform and local market expertise from a firm that is the clear leader in the market.”
- Bringing clients’ significant depth and scale in a range of services, including landlord leasing, investment sales and tenant representation.
- Creating one of the strongest Capital Markets teams in the region by adding Pacific Real Estate Partners’ deep investment sales expertise to Jones Lang LaSalle’s existing market-leading multi-family investment sales capabilities.
Founded in 1992 by Mark Flippo, Steve Schwartz and Stuart Williams, Pacific Real Estate Partners, Inc. is one of the Pacific Northwest’s leading commercial real estate brokerage firms. Its experience and dedication to providing unmatched levels of service form the foundation of successful, enduring client relationships. www.pacific-re.com
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
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