JLL Expands Globally With Upstream Acquisition

LONDON-Chicago-based Jones Lang LaSalle acquired Upstream, a leading locally based real estate sustainability services practice. A source close to the deal tells GlobeSt.com that JLL cannot disclose finances at this time, but that the company has acquired a 30-person team of sustainability experts.

“We believe there is real vision and commitment in bringing Upstream together with Jones Lang LaSalle,” notes Dan Probst, chairman of the Global Environmental Sustainability Board at JLL, in a prepared statement. “It brings another talented group of people into our global organization, providing them with new opportunities and support; and adds a new dimension to our Energy & Sustainability Services offering, which is unmatched by any competitor.” Probst continues that “the expertise, experience, tools and talent of Upstream will infuse our global sustainability capabilities with fresh impetus and proven ideas, highly complementary to our successful existing ESS business lines.”