Noting that Jones Lang LaSalle has completed $2 billion of industrial transactions over the past three years, Earl Webb, CEO of the capital markets group, says the formalization of the firm's expertise under a dedicated national industrial practice will broaden its client delivery capabilities with comprehensive industrial services. "Cary is the catalyst for expanding our industrial sales capabilities and will be an immediate asset to our clients and a lynchpin in growing our industrial talent and client service," he remarks.

According to Minter, Krier brings "tremendous" knowledge of the industrial market, with a keen eye for buying trends, operation costs and financial alternatives. "I am confident that with his leadership, we will be able to exceed the growing industrial sales needs of our clients," he says.

In regard to current market conditions, Krier tells GlobeSt.com the industrial investment market has slowed due to the subprime credit crisis. "There are still transactions happening, but nobody's stretching to do much. There's a lot of re-evaluating going on."

At the same time, he adds, the industrial sector has been less affected than other sectors because it has seen few high-leverage deals. He points out that the 60% to 70% leverage lenders are now demanding in the wake of the subprime meltdown was already the standard for most industrial buys. "The crisis has made deals a little harder to evaluate," he acknowledges, "but ultimately the impact should be minimal."