Jones Lang LaSalle Inc.

12/01/2021 | Press release | Distributed by Public on 12/01/2021 13:45

JLL Capital Markets expands into Silicon Valley

MENLO PARK, Calif., Dec. 1, 2021- JLL Capital Markets announced today that is officially opening a Silicon Valley Capital Markets office on January 1, 2022, and has appointed Senior Managing Directors Jordan Angel and Will Connors as office co-heads.

JLL's Capital Markets group has a long history of success in Silicon Valley, having completed some of the most prominent trades, financings and capitalizations in the area in the last few years, including America's Center, Ameswell, Brittan West and Gateway at Millbrae Station. They are currently marketing nearly 20 Silicon Valley assets across all property types led by the tech and life sciences sectors.

"Silicon Valley is the technological innovation and capital center of the world and JLL is furthering its commitment to the market and the vast opportunities within it," Connors said. "The opening of the capital markets office in Silicon Valley will position JLL as one of the only commercial real estate firms with a full suite of services for our clients."

Connors has been with JLL since 2013 and will lead the office's investment sales and advisory platform. He has completed more than $5 billion in Silicon Valley transactions and, throughout the course of his more than 23-year career in commercial real estate, he's specialized in office, life sciences and industrial investment sales transactions.

Angel is helming the group's debt and equity advisory platform. After eight years with HFF, he joined JLL in 2019 as part of its merger with HFF and focuses on debt and equity placement throughout the western region with an emphasis in Silicon Valley and the San Francisco Bay Area. Throughout his more than 19-year career in commercial real estate, he has secured more than $8.5 billion of capital for various projects, including multi-housing development, office, life sciences and Opportunity Zone capitalizations.

"Having an established, physical presence will allow us to continue to grow our capital markets presence in the valley," Angel said. "Our current pipeline of capitalizations for multi-housing, life-sciences and office projects in Silicon Valley requires a local presence and boots-on-the-ground market experts to best execute for our clients."

The JLL Capital Markets group will join the established JLL Brokerage, Project & Development, Property Management and Work Dynamics professionals in Menlo Park. Angel and Connors have already started building out a team of professionals to advise clients on all facets of the commercial real estate capital markets, with plans to grow to more than 30 capital markets specialists within the first few years.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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