JLL has tapped one of the industry’s veterans for the company’s New York retail business. The hiring is part of the company’s strategic plan to expand its retail local and national brokerage activity.
Patrick Smith, who spent more than 15 years working for SRS Real Estate Partners, will start his new position as vice chairman on October 28. Smith’s arrival is the second major retail coup for JLL following the addition of Vice Chairman Robert Gibson to drive the expansion of the firm’s retail brokerage business in Manhattan in April 2014. Over the past eight months JLL has added 40 new retail brokers to its national team, and the company plans to hire another three to five people for the New York City retail business unit, which currently has only seven brokers.
“Bringing Patrick onboard supports our goal to be a leading retail brokerage firm in New York City, and expands our capabilities in a top U.S. market, adding significant opportunity to the firm’s services locally, nationally and globally,” said Naveen Jaggi, President Retail Brokerage, JLL. “Patrick has incredible credibility in the market, and embraces and promotes strong principles of business, a pillar of our company culture.”
Smith’s career spans 23 years of retailer representation, agency leasing, development and property management, and his expertise covers all facets of retail brokerage, management, capital markets and operations. He represents many top retailers and has led the expansion of brands in the most significant leasing transactions in New York’s urban core, and beyond into the boroughs and Long Island.
A leader in the New York tri-state commercial real estate market, Smith also holds a number of awards including the Real Estate Board of New York “Most Creative Deal of the Year” Award Winner in 2007; has been named a Co-Star Power Broker 2006, 2007, 2010, 2011, 2012; was the Greendeal “Retail Deal of the Year” Award Winner in 2007, and is a Multi-year Staubach Retail Solutions Top Achiever & Top Producer Award Winner. He serves on the Stores Committee for Real Estate Board of New York (REBNY), is an active retail consultant to the Grand Central Partnership and has served the International Council of Shopping Centers (ICSC) as the Chairman of the 2012 New York Convention.