IRVINE, CA—To meet demand of increased development and redevelopment activity in California, JLL has entered into an agreement to acquire Martin Potts & Associates, Inc., a leader in project and construction management services for retail, hospitality, healthcare and office properties. The transaction will enable JLL to strengthen its multi-service platform and build on the recent acquisitions of CLEO Construction Management, Shelter Bay Retail Group and Wilson Retail Group, which have expanded its project management and retail services expertise as part of JLL's disciplined acquisition strategy. The acquisition is expected to close this month subject to customary closing conditions.

Founded in 1991 by president Marty Potts, Orange County-based MPA, with offices in Newport Beach and San Jose, is a recognized leader in providing project management, construction management, tenant coordination and entitlement for new construction, renovations and value-add opportunities across multiple industries. After joining the company in 2005 as a partner, Greg Holcomb worked with Potts to develop MPA into a highly-regarded development services firm with a staff known for their strong work ethic and commitment to client service.

"Greg and I are confident that joining JLL is the best way for us to continue to grow, provide career opportunities for our employees and offer expanded services to our clients," said Potts. "We are proud of the company we built over the last 25 years and the relationships we have developed with our clients. Looking ahead, we expect to contribute to an already strong platform at JLL."