Jones Lang LaSalle has been named as the exclusive management and leasing provider for Townline Square, a 216,000-square-foot community center anchored by Jewel-Osco located in Mundelein. Thrivent Financial for Lutherans selected JLL for the assignment based on the firm’s national reputation in the retail business and growing presence in Chicago and its surrounding suburbs.
Under the direction of Senior Vice President Mark Hunter – who joined Jones Lang LaSalle in 2010 with the acquisition of General Growth Properties’ third-party retail portfolio – the retail group rapidly has expanded across Chicago in recent years, with its retail portfolio growing to more than 6 million square feet. The team provides property management, leasing, development, market planning, site selection, project and facility management and lease administration services.
At Townline Square, Jones Lang LaSalle will manage a redevelopment of the property, which includes façade renovations, new landscaping and signage upgrades all of which are designed to increase tenant occupancy and drive sales.
In addition to Townline Square, additional management and leasing assignments include:
- Chicago’s Navy Pier, where the team handles accounting services for 130,000 square feet on behalf of its client, Metropolitan Pier & Exposition Authority;
- Yorktown Center in Lombard, where the firm leases and manages the 1.5 million-square-foot regional mall;
- Kendall Marketplace in Yorkville, where the team leases and manages a 750,000-square-foot power center for Rally Capital Services; and
- Ford City Mall in Chicago, where the team leases and manages the 1.2 million-square-foot regional mall.