CHICAGO-Jones Lang LaSalle has made its move into loan origination and servicing, inking a deal to acquire a portion of Primary Capital Advisors, an Atlanta-based commercial real estate lending and serving group. The transaction is expected to close in the first quarter 2011.

While Jones Lang LaSalle has always facilitated loan originations, recapitalization, refinancing, repositioning, asset management and note sales, this move allows the firm to serve as a lender through Primary Capital’s Freddie Mac Program Plus Seller/Servicer. In addition, the acquisition provides Jones Lang LaSalle with a $2 billion loan servicing platform that it plans to expand nationally through additional correspondent and servicing relationships.

Currently, Primary Capital is one of only 26 firms that serves as a Freddie Mac Program Plus Seller/Servicer and one only three firms that were considered “boutiques”. The company’s entire lending and serving business focuses on multifamily product. The firm will continue to operate its successful single-family residential mortgage business across 26 states as Primary Capital Mortgage, while its Orlando office will also be part of the Jones Lang LaSalle acquisition.