JLL Picks Chicago Industrial Chief, CBRE Recruits Landlord Representatives From Colliers, TSCG Buys Boutique Retail Brokerage
JLL has tapped Jackie Shropshire, a senior vice president who joined the brokerage in 2021, to lead its Chicago industrial business. Chicago is the largest industrial market in the United States with an overall inventory of 1.4 billion square feet, according to CoStar data. In his new role, Shropshire will oversee day-to-day operations for the region, manage a team of more than 50 people and go after business development opportunities.
“Jackie will play a pivotal role in helping us grow our Industrial platform,” said Bob Ageloff, president of U.S. regional markets at JLL. “His personal ability to establish relationships within the firm, with clients and in our industry will be instrumental as we seek to expand our reach and elevate our industrial business in Chicago and the Midwest.” Shropshire is a board member of First Tee of Greater Chicago, a nonprofit organization that helps Chicago-area kids and teens build their resilience and strength of character through golf.
CBRE has bolstered its Atlanta advisory and transaction services team by hiring Jessica Doyle, Graham Little and Mark Maggard from rival Colliers. Doyle, who had served as the market leader for Colliers’ Atlanta landlord services group, joined CBRE as a senior vice president. Little joined as a vice president and Maggard as an associate.
Doyle is well known in Atlanta office brokerage circles, having worked for Manulife company John Hancock Real Estate, Ackerman & Co. and Grubb & Ellis, which now is part of Newmark, during her more than 23 years in the business. Little has been in commercial real estate for more than 15 years and worked at Manulife, Dewberry Capital and Coldwell Banker Commercial in addition to Colliers.
The addition of Doyle and Little to its office agency practice is a big deal, said David Lanier, a senior managing director at CBRE. “They have become a dominant force in the Atlanta office market,” he said in a statement.
Retail brokerage TSCG has acquired Rosenthal Properties, a Vienna, Virginia-based firm founded in 1999 by Glenn Rosenthal. Rosenthal expanded the brokerage to a 65-person operation that focuses on tenant representation, leasing, property management and construction and project management of retail, office and industrial properties in Washington, D.C., Virginia and Maryland. The firm manages more than 7 million square feet of retail space and develops and owns shopping centers. “The retail landscape continues to evolve,” Rosenthal said in a statement. “This move strengthens our capabilities to better service our clients.”
With the Rosenthal transaction, Atlanta-based TSCG has 21 regional offices and more than 300 employees servicing tenants, landlords, investors and developers. TSCG said by establishing a major presence in the Washington, D.C., market, it “provides complete coverage of the East Coast” from New York to Miami. “We’ve grown our company strategically through a combination of organic growth and acquisition of market leading firms in territories that complement our existing strengths,” TSCG President and co-CEO Sam Latone said in a statement.
Manulife Investment Management, the wealth and asset management division of Manulife Financial Corp., has added Jessica Harrison, Maggie Coleman and Victor Calanog to leadership positions on its real estate team.
Harrison, who previously led commercial real estate investments across the Southwest and Mountain West regions at Pimco, joined as head of U.S. acquisitions. Coleman, whose resume includes working for more than a decade at JLL and most recently serving as a managing partner at Sera Global, now is Manulife’s chief investment officer for North America. Calanog, who recently served as head of commercial real estate economics at Moody’s Analytics, joined Manulife as global co-head of research and strategy. All three have joined the company’s global real estate leadership team.
As of March 31, Manulife manages assets containing more than 73 million square feet of office, industrial, retail and multifamily in Canada, the U.S. and Asia-Pacific.
Transwestern Real Estate Services has promoted Carlos Gaviria to senior vice president of industrial services in Miami. Gaviria, who joined the firm in 2012 as an associate, is a member of its South Florida industrial team that provides agency leasing, asset services, tenant representation and capital markets advice for regional and international clients.
Gaviria started his commercial real estate career at M1 Industrial Group, where he headed its industrial team. He spent two years there before moving to Transwestern. Gaviria said he is grateful his work has been recognized and looks forward to the future. “The best is yet to come!” he said in a LinkedIn post.
Newmark has hired John Ward, who has more than 30 years of development, valuation and debt origination experience, as vice chairman of its multifamily capital markets group. He’s based in New York and specializes in the origination of debt products for multifamily and other commercial properties across the country. Ward reports to Sharon Karaffa, vice chairman and co-head of production of Newmark multifamily capital markets. During his career, Ward has placed more than $15 billion in capital in various debt-and-equity structures to finance properties in several sectors. Newmark said he has extensive experience in apartments and manufactured housing and will partner with its multifamily investments teams throughout the country.
Before joining Newmark, Ward originated over $2.5 billion of debt products as a regional manager in KeyBank’s New York office. He also has worked at Rialto Capital Management, Five Mile Capital and Bank of America. “As we expand our presence in the mission and workforce housing space, John is a strategic addition to our ongoing national capital markets buildout,” Karaffa said in a statement.
