John Gates transitions to Executive Chairman role
JLL, a leading global commercial real estate services firm, today announced key leadership changesas part of a planned transitionwithin its Americas Leasing Advisory business. Michael Colacino has been appointed CEO Americas Leasing AdvisoryandJohn Gateswill transitionto ExecutiveChairman, Americas Leasing Advisory.The transition is effective January 15.
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“These appointments position our Americas leasing business for continued growth andinnovation,” said Karen Brennan, CEO of JLL's global Leasing Advisory business.”Michael's proven leadership, strategic acumen,and technology-forward approach will drivethe evolution of our business, whileJohn's transition to Executive Chairman allows us to leverage his market relationships andindustryexpertise.”
As ExecutiveChairman, Gates will focus on building relationships with occupier clients, targeted broker recruitment, oversight of Mexico operations andprovidingstrategic advisoryacross the platform. During his tenure as CEO, Gates strengthened JLL's presence across the Americas, expanded leasing capabilities in key markets andestablishedthe firm's industrial andlogisticsbusiness. He also launched JLL University, one of the firm's most regarded training programs and advanced the Champions of Excellence traditioncelebratingemployees'outstandingcareercontributions tothe firmand communities.
“I'm incredibly proud of thebest-in-class platformwe've built over the last decade-plus, which includesan incredible team of leasing professionals across the Americas,” said Gates.”This was an opportune time for me to transitionto a rolewhere I can dedicate more time toclients andhelpcontinue tosourcetop-talent.I know that our business isingood handswith Michaeland look forward tohelping him achieve JLL's next phase of growth.”
Colacinojoined JLL in 2023 as President of Tri-StateBrokerage, bringing over 30 years of commercial real estate experiencestartingatStudley, where he led a management buyout and served as President from 2002 until the firm's acquisition by Savills in 2014. At Savills he ran the US operations and served on the Savills Global Executive Board. He later foundedproptechinvestment firm Haiku Partners in 2019, before serving as President and then CEO at SquareFoot. His deep understanding of evolving client expectations and competitive market dynamics, alongside his datamanagement, AI and technologyexpertise, strongly position him to lead the next phase of strategic growth across our Americas leasing business.
“I'mhonoredto lead our talented Americas leasing team and build on John's tremendous success,” said Colacino.”With JLL's exceptional people and our advanced technology platform and data analytics capabilities, we're focused oninsights that drive smarter real estate decisionsandoutstandingclientresults.”
Gates began his career at The Staubach Company in 1990 and joined JLL through its 2008 acquisition,subsequentlyholding leadership roles including CEO of Markets for the U.S., Canada, and Latin America.
Gates and Colacino will work together to ensure a seamless transition while continuing to deliver exceptional outcomes for JLL's leasing clients across the Americas.
About JLLFor over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Contact: Jesse TronPhone: +1 914 424 0299Email:jesse.tron@jll.com
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