Free press releases distribution network?

Agency / Source: General Growth Properties (GGP)

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



General Growth Properties and Jones Lang LaSalle Establish Strategic Alliance - Management and leasing of GGP third-party properties adds more than 11 million square feet to Jones Lang LaSalle’s industry-leading retail portfolio [NYSE: JLL]
General Growth Properties and Jones Lang LaSalle Establish Strategic Alliance

 

PRZOOM - /newswire/ - Chicago, IL, United States, 2010/07/12 - Management and leasing of GGP third-party properties adds more than 11 million square feet to Jones Lang LaSalle’s industry-leading retail portfolio [NYSE: JLL]. NYSE: GGP

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

General Growth Properties, Inc., one of the country’s premier shopping mall owners and developers, and Jones Lang LaSalle, the world’s leading integrated financial and professional services firm specializing in real estate, have established a long-term strategic alliance through which Jones Lang LaSalle acquired the management and leasing responsibilities for the properties in GGP’s third-party management division. The portfolio of 18 regional shopping malls and community centers in 11 states adds more than 11 million square feet to Jones Lang LaSalle’s retail portfolio of 84 million square feet in the Americas and 265 million square feet worldwide. In addition, through the strategic alliance, the two firms will work together to pursue opportunities for Jones Lang LaSalle to provide additional third-party services to new and existing clients.

“With the largest portfolio of third-party management and leasing services in the United States, we demonstrate every day that we deliver value to our clients who own regional malls and other retail properties,” said Greg Maloney, president of Jones Lang LaSalle Retail. “The opportunity to partner with General Growth Properties and bring these properties into our portfolio allows us to be able to provide our strategic services to new and existing clients, help these owners maximize the value of their assets, welcome more than 200 talented retail experts into our team and expand our portfolio with 18 quality regional malls and community centers across the country.”

The strategic alliance will provide the opportunity for Jones Lang LaSalle to leverage the full range of services it provides to investors in retail properties, including not only leasing and management but also investment sales and other capital markets services.

“We have a long-term relationship with some of the country’s top institutional and private owners of retail properties. This strategic alliance with Jones Lang LaSalle allows our clients to leverage the resources and talents from both GGP and Jones Lang LaSalle and, ultimately, we create a broader range of services for our clients, thereby strengthening their bottom line,” said Tom Nolan, president and chief operating officer for General Growth Properties.

David Schonberger, principal with Radiant Partners, stated, “As a client of both Jones Lang LaSalle and General Growth, we expect the alliance between these two great companies to ensure the continuation of the excellent service we receive at our properties.”

The change in management and leasing responsibilities is effective immediately. Approximately 200 employees who comprise the management teams at the 18 properties plus 30 corporate employees who provide services to the properties will become Jones Lang LaSalle employees. Mark Hunter, former senior vice president of third-party management at GGP, Donn Fuller, who held the position of vice president of asset management and development at GGP, and John Taylor, who was vice president of accounting and finance at GGP, will become senior vice presidents at Jones Lang LaSalle.

The properties are: Alexandria Mall (Alexandria, LA); Branson Landing (Branson, MO); Burbank Town Center (Burbank, CA); Cherokee Square Shopping Center (Tullahoma, TN); Festival Bay Mall (Orlando, FL); Kings' Shops (Waikoloa, HI); Laurel Commons (Laurel, MD); Northgate Mall (Tullahoma, TN); Palladio at Broadstone (Folsom, CA); Queen Ka'ahumanu Center (Kahului, HI); The Shops at Georgetown Park (Washington, DC); The Shops at Tanforan (San Bruno, CA); St. Lawrence Centre (Massena, NY); Swansea Mall (Swansea, MA); Towson Commons (Towson, MD); University Mall (Tampa, FL); Westdale Mall (Cedar Rapids, IA); Windward Mall (Kaneohe, HI).

About GGP

GGP (ggp.com) currently has ownership interest in, or management responsibility for, more than 200 regional shopping malls in 43 states, as well as ownership in planned community developments and commercial office buildings. The company’s portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. The Company’s common stock is currently traded on the New York Stock Exchange under the symbol GGP.

About Jones Lang LaSalle

Jones Lang LaSalle (joneslanglasalle.com) 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 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. As the leading retail service provider, Jones Lang LaSalle Retail manages the largest third-party retail portfolio in the country. The firm's 84 million-square-foot retail portfolio consists of more than 300 regional malls, strip centers, power centers, lifestyle centers, ground-up development projects, mixed-use centers, transportation terminals and over 6,000 retail ATMs and bank branches across 49 states. Globally, the firm manages and/or leases a retail portfolio of 265 million square feet.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: General Growth Properties (GGP)

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


General Growth Properties and Jones Lang LaSalle Establish Strategic Alliance

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: David Keating - GGP.com 
312-960-6325 david.keating[.]ggp.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Growth Properties (GGP) securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From General Growth Properties (GGP) / Company Profile


Read Real Estate/Property Management Most Recent Related Press Releases:

Ede Costa Team Joins Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties Opens New Office in Brea
Berkshire Hathaway HomeServices Nevada Properties Opens New Southwest Las Vegas Office
Homenova, Inc. Launches A Website for Private Home Sales
Westcorp CFO Named Top Tech Exec in Nevada
Berkshire Hathaway HomeServices California Properties Names Larry Tait Yorba Linda Branch Manager
Americana Holdings Forms Alliance with ListHub Global in Three States
Manhattan Boutique Real Estate Joins South China’s Leading Luxury Property Show
Approved Mortgage Reviewed by Global Research Firm Great Place To Work®
SoloPro Secures $1.1M in First Round Funding

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com

Visit  NAKIVO, Inc.







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today