The holistic arrangement, which is a first for Kaiser, includes consulting, strategic planning and brokerage services, among other things. Compensation will occur on both a flat fee and commission basis, depending on the service, according to sources familiar with the relationship. A JLL executive could not be reached Wednesday for comment.
Kaiser has 30 medical centers and 430 medical office properties. Approximately 75% of the real estate is in California. Kaiser also has a significant presence in the Washington, DC, area.
About 30 JLL employees will work on the account, including a handful that will work in-house at Kaiser. Other JLL corporate clients include Sun Microsystems, Microsoft, General Motors, Whirlpool, Procter & Gamble and Xerox.
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