LOS ANGELES-Tri-cities market experts Patrick Church and Anneke Greco have joined the ranks at Jones Lang LaSalle to expand its leasing services for institutional landlords and property owners in the Burbank, Glendale and Pasadena markets, reports GlobeSt.com exclusively. Church joins JLL as managing director and Greco as VP from CBRE, who declined to comment about the departure.
“JLL, being the biggest competitor of CBRE, offered us a platform that we felt matched our business plan going forward,” Church tells GlobeSt.com. “Plus, we have great relationships with the guys at JLL. From the moment we walked in, it was open arms.”
The former CBRE duo has racked a combined 30 years of experience working in commercial real estate. In their time working with CBRE, they focused on institutional business in the tri-cities market, controlling 4-million square feet. In the past two years, the two have completed $700 million in deal consideration, including participation in negotiating the 102,000-square-foot Playboy Plus Entertainment office lease in Burbank last year.
Church and Greco will continue to work with their former clients at JLL, but are looking to enhance their platform in the tri-cities market while expanding agency business in other Los Angeles submarkets. “A lot of our clients in the tri-cities also have product in Los Angeles, so our goal is to expand our platform out,” Church explains. “We do a lot of sales and a lot of tenant business, but the core focus of our business is institutional.”
Walking in the door, Church has one very specific goal: “Quite frankly, our mindset is that we want to have 8-million square feet in the next two to three years,” he says, adding that JLL has the platform required to accomplish his ambitious goal. “Its reputation in the market is impeccable.”
GlobeSt.com plans to update to this story with commentary and forecasts from Church on the tri-cities market.
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Kelsi Maree Borland
