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JLL Buys Surge Retail

NEW YORK CITY-The top two executives of the acquired firm will join JLL as heads of the retail tenant representation practice.

By Rayna Katz | Updated on July 23, 2013

NEW YORK CITY-Jones Lang LaSalle has acquired Surge Retail International, a Boston-based specialty retail tenant representation firm, GlobeSt.com has learned EXCLUSIVELY. As the retail sector continues to grow stronger, this acquisition will enable JLL Retail to respond to rising client demand for national market knowledge and tenant representation. The price of the acquisition was undisclosed.

Surge Retail’s co-founders, Steve Ferris and Michael Hirschfeld, will join as SVPs and co-leads of JLL’s national retail tenant services practice. They will work to expand the firm’s retail tenant representation capabilities, targeting premium and high-end retailers occupying space in enclosed malls, outlet centers and dense, urban retail markets across the United States, as well as international retailers seeking to expand throughout North America.

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