BALTIMORE, MD--(Marketwired - Dec 1, 2015) - JLL (
"CIB and CIB Management are well-regarded leaders in the Baltimore market whose people have a stellar reputation for their deep local knowledge and extensive client relationships," said Mark Levy, Market Leader for Greater Baltimore, JLL. "Bringing them into JLL will add supercharged property management and agency leasing services to our solid tenant representation and industrial property management capabilities. Their focus on integrity, excellence and client service make them a perfect fit in our organization and increase our ability to create real value for our clients."
The combined team of approximately 80 property management and brokerage experts is expected to join JLL at closing. Tim Hearn, the groups' CEO, will have a leadership role with JLL as the Regional Director of Mid-Atlantic Property Management. Hearn and his colleagues have successfully led both CIB and CIB Management into market-leading positions while representing some of the largest property owners and companies in the Baltimore market.
"Together, we'll immediately expand the scope of services we provide to investors who have significant holdings in Washington DC, Virginia and suburban Maryland," said Michael Ellis, Mid-Atlantic Market Director for JLL. "With the addition of CIBM's property management portfolio of 15 million square feet in Greater Baltimore, we'll be able to build on our substantial combined total of 40 million square feet under management to rapidly grow our leadership position in the Mid-Atlantic region."
About JLL
JLL (
Contact: Glenn LaFollette Phone: +1 312 228 3882 Email: Glenn.LaFollette@am.jll.com Contact: Mittie Rooney Phone: +1 301 602 8709 Email: mrooney@axcomgroup.com
