Acquisition Will Strengthen JLL's Real Estate Brokerage Services in Louisville
LOUISVILLE, KY -- (Marketwired) -- 05/17/16 --
JLL (NYSE: JLL) has acquired Harry K. Moore, a Louisville-based commercial real estate leader in leasing, investment sales and property management services for industrial and office buildings. The acquisition will strengthen JLL's industrial and office brokerage platform, and supports JLL's focus on the e-commerce trade area between Louisville, Indianapolis and Columbus.
Harry K. Moore's Powell Spears, who will oversee the Louisville office, will join JLL as Managing Director along with 12 industry experts and staff. Spears will partner with Stephen C. Lannert, Douglas H. Owen and Robert W. Moore, Jr., who are joining JLL as Senior Vice Presidents and will provide additional leadership for the integrated team in Louisville.
"Adding Harry K. Moore's local expertise to JLL will provide better, expanded and more comprehensive services to our clients in the fast-growing Louisville area," said Market Leader and Managing Director JC Pelusi. "This acquisition will establish a broader leadership position for JLL's industrial and healthcare services and complement the entire platform in the area."
Pelusi added, "Harry K. Moore's reputation for integrity and elite service to its clients has earned it recognition as one of Louisville's leading commercial real estate firms and makes the company a great cultural fit with JLL."
Harry K. Moore was founded in 1948 and operates as a full-service commercial real estate firm, including a brokerage team that has nearly 200 combined years of expertise. Over the past 10 years, the firm has executed over 2,000 commercial transactions valued at approximately $1.75 billion.
"JLL's tremendous reach and range of offerings will take us to another level in impacting our clients' success," said Spears. "Louisville is a central hub for the nation's e-commerce business and we're confident that by joining JLL we will help our clients maximize the opportunities in the market."
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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