Real estate firm enters market
An international real estate firm is formally entering the West Michigan market via downtown.
JLL said today it has opened a new office in Grand Rapids, at 15 Ionia Ave. SW.
The office is meant to broaden the firm’s presence in Michigan. JLL also operates offices in Ann Arbor and Royal Oak.
The Grand Rapids office will be led by two brokers: Jeffrey Karger in the office market and Robert Horn in the industrial market.
The pair of brokers have more than 40 years of combined real estate experience.
“Our new office talent in Grand Rapids will add increased industry know-how, an even deeper understanding of market trends and will build on established local relationships,” said JC Pelusi, market leader and managing director, JLL.
Most recently, Karger served as a senior adviser and director of office services for Grand Rapids-based CWD Real Estate Investment.
“The Grand Rapids office market is very strong, as new buildings and extensive renovations are showing a flight to quality product,” Karger said. “I’m excited to bring the depth and breadth of JLL to strengthen our ties in West Michigan.”
Horn has completed more than 11 million square feet of industrial transactions in his career.
“Grand Rapids ranks highly across the board for growth among industrial markets,” Horn said. “I’m looking forward to helping the Grand Rapids industrial market continue to flourish and funnel more business into the region.”
JLL is a Fortune 500 company with gross annual revenue of $6 billion.
The company has more than 280 offices in 80 countries and a property portfolio of four billion square feet. JLL completed $138 billion in sales, acquisitions and transactions in 2015.
It has more than 800 employees in Michigan.
JLL specializes in project management, corporate and public institutions.