Jones Lang LaSalle Gets Mall Assignments

ATLANTA-Jones Lang LaSalle was hired for the leasing and management duties at six southern enclosed malls and two open-air centers owned by Gregory Greenfield & Associates. Jones Lang’s retail group now manages 15 million sf of shopping space that is owned by Atlanta-based GG&A.

The malls in the portfolio are, in Alabama, the 1.3-million-sf Bel Air Mall in Mobile and the 527,000-sf University Village, in Auburn; in Georgia, the 508,000-sf Glynn Place in Brunswick, and the 536,000-sf Valdosta (GA) Mall; the 450,000-sf Greenville (NC) Mall; and the 524,000-sf Colonial Mall Myrtle Beach (SC). The open-air assets, both near Birmingham, AL, are the 440,000-sf Pinnacle at Tutwiler Farm and the 644,000-sf Promenade at Tutwiler Farm.

Many of the properties are part of a portfolio that GG&A’s parent company, Sydney, Australia-based Babcock & Brown bought http://www.globest.com/news/535_535/retail/145458-1.html in a joint-venture deal last year. Including those properties, GG&A manages or holds interests in 22 mall across the US.