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July 26, 2012 /PRNewswire/ --
Jones Lang LaSalle (NYSE: JLL) today announced that it has merged operations with 360 Commercial Partners, one of
Orange County, California's leading real estate services firms. The combined firm will have a commanding presence in
Orange County, with greatly enhanced strength and depth of service that will enable the firm to more fully deliver strategic, integrated services and solutions for real estate owners, occupiers and investors.
"The merger of
Jones Lang LaSalle and 360 Commercial Partners was driven by client demand for broader and deeper services, as well as the anticipated growth of
Orange County," said
Peter Belisle, Southwest Market Director,
Jones Lang LaSalle. "This is a mutually beneficial merger for 360 Commercial Partners and
Jones Lang LaSalle, as well as for our clients, who will now have access to a broader platform and local market expertise from a firm that is the clear leader in capturing real value from real estate."
The merger will deepen mutual strengths and bolster overall service delivery capabilities by:
Bringing clients significant depth and scale through a range of services, including strong industrial sales and leasing expertise and market-leading mid- and low-rise office building sales capabilities.
Enhancing Jones Lang LaSalle's already strong tenant representation practice as well as robust landlord leasing and project management capabilities in Orange County.
360 Commercial Partners' clients will benefit from
Jones Lang LaSalle's integrated global services platform including its deep resources, cutting-edge tools and broad-reaching connections. Jones Lang LaSalle will gain access to a highly regarded team of professionals with deep local knowledge and penetration, a stellar reputation and extensive client relationships throughout
Orange County, the Mid-County Los Angeles area and the
Southern California region.
"This alliance of two great companies that are culturally aligned and have fantastic business synergies will create the strongest commercial real estate firm in the region," said
Louis Tomaselli, Founder and President, 360 Commercial Partners. "We are now one company that has a shared vision to be the chosen real estate expert and strategic advisors to the leading owners, occupiers and investors throughout
Orange County as well as around the world."
360 Commercial Partners' 12 employees will join
Jones Lang LaSalle's 860-strong team across
Southern California, bringing the total number of employees based in
Orange County to 143.
Jeff Ingham will lead the office and research and development practice and
Louis Tomaselli will lead the firm's
Orange County industrial practice.
"By leveraging our strong combined office and industrial capabilities, we will have the opportunity to expand our services, with a focus on growing our landlord leasing and sales capability, strengthening our tenant representation practice and more effectively delivering all of our market leading services to the region. We will now be better prepared to help clients maximize the value of their real estate by anticipating change and seizing opportunities," added Ingham.