HASBROUCK HEIGHTS, NJ-Jones Lang LaSalle made Charles Klatskin an offer he couldn't refuse, and as a result his organization will become part of the larger JLL universe. JLL will acquire the assets of Klatskin Associates LLC and Klatskin Associates Management Co., which combined form the New Jersey operations of Lee & Klatskin Associates, based here. Both sides declined to disclose the terms of the deal.

“The combination of our industrial expertise and local knowledge with Jones Lang LaSalle's depth of services will provide our clients with the ultimate real estate services team,” says Klatskin, a well-known figure in New Jersey commercial real estate circles. “And I am going to grow the industrial business for JLL.”

“This addition advances several of our strategic goals,” says Peter Riguardi, president of JLL's tri-state region. “Those goals are commanding a major presence in key market, expanding our national industrial brokerage business and continually improving our service capabilities. The combination of our two firms adds an important piece to our national industrial services platform.”