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Debt-Heavy Balance Sheets Behind Retail Concerns

While many are pointing to ecommerce as the reason for retail disruption and store closures, the real issue stems from debt-heavy balance sheets.

By Kelsi Maree Borland | Updated on January 29, 2018

JLL is boosting its retail team with the addition of Tom Lagos and Patrick Toomey as EVPs and Jordan Uttal and Heather Boren as VPs. They will work alongside EVPs Geoff Tranchina and Scott Burns. We had the chance to sit down with Toomey and Lagos to talk about the retail market, their new team and their goals for the year.

GlobeSt.com: Your team was compiled from three different firms.  How were you able to come together? 

Patrick Toomey: We all have been acquainted for several years and when the JLL opportunity presented itself, we felt it was the right time to bring our skills together. We all share a common core of values including building strong client relationships, understanding and responding to client needs, outstanding service, and excellence in execution, among other things. We intend to be a premier market-facing brokerage team leveraging JLL’s outstanding platform to deliver for our clients.

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