CHICAGO—Retail development has hit its highest level since 2010. To meet the increased demand for retail project management JLL has just expanded its retail team by adding Bill Moston, a 30-year veteran, as senior vice president, national retail development. In his new role, the Chicago-based Moston will advise JLL's clients and execute ground-up retail projects, redevelopments and renovations across the US, as well as manage anchor store negotiations and tenant coordination.
“Adding Bill to our development team will allow JLL to better advise its clients seeking to update or create new retail space,” says Larry Jensen, senior director of retail development at JLL. “His experience counseling and partnering with owners and investors on how to best align projects with market demand and retailer requirements will provide a huge advantage to JLL's clients.”
According to JLL research, nearly 50 million square feet of retail spaces were delivered in 2014 with general retail space, including the construction of urban storefronts, driving the market. Mall construction has also grown significantly, with total US deliveries in 2014 rising nearly 43% year-over-year.
“Shopping center owners and investors held off updating their centers during the downturn, but now we're finally seeing these assets getting capital allocated for renovations or expansions,” says Moston. “I am thrilled to join JLL and look forward to growing the retail development business, and partnering with owners on their development and construction needs during this exciting time for the retail industry.”
Moston started his career in retail at the Homart Development Co., and then led regional development and redevelopment teams for General Growth Properties for more than 10 years. In 2006, Moston jumped to the investment side of the business, and spent time at the Archon Group, a Goldman Sachs Co., where he sourced and developed retail investment opportunities. Most recently he served as a relationship manager at Credit Suisse.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
