JLL’s Co-Lead of Industrial Capital Markets Joins Miami Office
John Huguenard, Co-Lead of Industrial Capital Markets for JLL, has made the move from the firm’s Chicago office to the Miami office.
With over 30 years of experience in the industry, Huguenard specializes in industrial investment sales for institutional and corporate clients as well as private owners of real estate.
In addition to Huguenard, Wells Waller has joined Luis Castillo and Cody Brais on the Miami industrial team. Wells previously was in JLL’s Dallas office where he developed a specialization in joint venture equity raises and cold storage, a skill set he intends to leverage in his new role.
According to JLL’s Miami Industrial Insight – Q3 2022, vacancy in the Florida Industrial market has hit record lows at 1.8% and is expected to remain below 2% in the long term. This, combined with record demand and limited supply, has resulted in year-over-year rent growth of 60%. Furthermore, over 40% of all Class A under-construction space is pre-leased as tenants are looking for spaces.
Huguenard is one of many JLL leaders based in the Miami office, including Matthew Lawton, Investment Sales and Advisory Lead, JLL Capital Markets; Danny Finkle, Retail Group Lead and Co-Head of the Miami office, JLL Capital Markets; Manny DeZarraga, Co-Head of National Investment Sales Advisory Group; Gilda Perez-Alvarado, Global CEO, JLL Hotels & Hospitality Group; and Chris Drew, Lead for JLL’s DE&I committee.
