LaSalle Names New CEO, President
After four years as CEO, the firm's current leader will move into a new role as executive chairman.
LaSalle Investment Management, JLL’s global investment management company, will start next year with a new leadership team. The promotions take effect on Jan. 1, the company said on Wednesday.
Mark Gabbay, the firm’s global CEO since 2021, will become executive chairman following his 15-year tenure at the company.
Brad Gries will be the firm’s next CEO and will continue to serve as head of the Americas and member of the investment committee.
According to Gries’ LinkedIn account, he joined LaSalle in 2017 as head of U.S. transactions and co-CIO for the Americas before becoming co-head of the Americas in 2021.
Last year he was promoted to head of the Americas region. Prior to joining LaSalle, Gries spent 16 years at DWS, where he served as managing director of real estate transactions.
Tim Kessler, the firm’s incoming president, will likewise hold dual roles. He will maintain his current position as global COO as well as serving as a member of LaSalle’s global management committee. From 2017 to 2020, he served as the global head of corporate strategy and development.
Earlier this week, LaSalle recapitalized a five-state, 3.3 million-square-foot industrial portfolio valued at $495 million. LaSalle will acquire a 49 percent stake in the assets.
Other highlights of the firm’s 2025 activities include closing $700 million in capital commitments for its open-ended real estate debt strategy. The vehicle is focused on multifamily and multi-tenant industrial properties across the U.S. At most recent report, LaSalle managed $88.5 billion in assets globally.
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