{"id":1004021577,"date":"2010-07-12T07:40:47","date_gmt":"2010-07-12T15:40:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004021577"},"modified":"2022-12-07T12:07:45","modified_gmt":"2022-12-07T20:07:45","slug":"ggp-jll-strike-strategic-partnership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ggp-jll-strike-strategic-partnership\/","title":{"rendered":"GGP, JLL Strike Strategic Partnership"},"content":{"rendered":"<p>July 12, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004021578\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/citta-vita-two.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004021578\" data-attachment-id=\"1004021578\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ggp-jll-strike-strategic-partnership\/citta-vita-two\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/citta-vita-two.jpg\" data-orig-size=\"500,354\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"citta-vita, two\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user citta-vita&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/citta-vita-two.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/citta-vita-two.jpg\" alt=\"\" title=\"citta-vita, two\" width=\"300\" height=\"212\" class=\"size-medium wp-image-1004021578\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/citta-vita-two.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/citta-vita-two.jpg?resize=300,212 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004021578\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user citta-vita<\/p><\/div>\n<p>Real estate services firm Jones Lang LaSalle has enhanced its retail services through the acquisition of bankrupt shopping-center REIT General Growth Properties\u2019 management and leasing responsibilities for properties in GGP\u2019s third-party management division.<\/p>\n<p>The joint venture adds more than 11 million square feet to JLL\u2019s retail portfolio of 84 million square feet in the Americas and 265 million square feet worldwide. Additionally, more than 200 GGP employees will now become JLL employees.<\/p>\n<p>\u201cThe opportunity to partner with General Growth Properties and bring these properties into our portfolio allows us to be able to provide our strategic services to new and existing clients, help these owners maximize the value of their assets, welcome more than 200 talented retail experts into our team and expand our portfolio with 18 quality regional malls and community centers across the country,\u201d Jones Lang LaSalle Retail president Greg Maloney said when announcing the news. <\/p>\n<p>Properties involved in the deal include the Alexandria Mall in Alexandria, La.; Branson Landing in Branson, Mo.; Burbank Town Center in Burbank, Calif.; Cherokee Square Shopping Center in Tullahoma, Tenn.; Festival Bay Mall in Orlando, Fla.; and The Shops at Georgetown Park in Washington, DC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The joint venture adds more than 11 million square feet to JLL&#8217;s retail portfolio of 84 million square feet in the Americas and 265 million square feet worldwide. Additionally, more than 200 GGP employees will now become JLL employees.<\/p>\n","protected":false},"author":936,"featured_media":1004021578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37774,37775,21742,37776,37777,37778],"tags":[],"class_list":["post-1004021577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-dividend-yield","category-rc-forward-affo-payout-ratios","category-latest","category-rc-premium-discount-to-nav","category-rc-price-ltm-ffo","category-rc-total-return"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GGP, JLL Strike Strategic Partnership - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ggp-jll-strike-strategic-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GGP, JLL Strike Strategic Partnership\" \/>\n<meta property=\"og:description\" content=\"The joint venture adds more than 11 million square feet to JLL&#039;s retail portfolio of 84 million square feet in the Americas and 265 million square feet worldwide. 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