JLL (company)

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Jones Lang LaSalle Incorporated
S&P 400 Component
ISINUS48020Q1076 Edit this on Wikidata
IndustryReal estate
Founded1783; 238 years ago (1783) London, United Kingdom
March 16, 1999; 21 years ago (1999-03-16) by the merger of Jones Lang Wootton and LaSalle Partners
FounderRichard Winstanley
HeadquartersAon Center
Chicago, Illinois, U.S.
Area served
Key people
Siddharth Mehta, Chairman
Christian Ulbrich, President & CEO
Karen Brennan,, CFO
RevenueIncrease $17.9 billion (2019)
Increase $16.3 billion (2018)
Increase $14.4 billion (2017)
Increase $0.534 billion (2019)
Total assetsIncrease $13.025 billion (2018)
Total equityIncrease $3.6915 billion (2018)
Number of employees
93,000[1] (2019)
SubsidiariesLaSalle Investment Management
Footnotes / references
Aon Center in Chicago, which houses JLL's headquarters

Jones Lang LaSalle Incorporated (JLL) is a global commercial real estate services company, founded in the United Kingdom with offices in 280 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals.[3] The company is ranked 189th on the Fortune 500.[4]


JLL is headquartered in Chicago, Illinois, and it is the second-largest public brokerage firm in the world.[5][6] The company has approximately 93,000 employees in 80 countries, as of 2019.[7]

Services include investment management, asset management, sales and leasing, property management, project management, and development.[8] In 2014, the organization shortened its name to JLL for marketing purposes, while the legal name remained Jones Lang LaSalle Incorporated.[9][10]

Former company president Christian Ulbrich succeeded Colin Dyer as CEO in October 2016.[11] Karen Brennan was named CFO on June 22, 2020 effective July 15, 2020.[12][13] Sheila Penrose served as board chairperson starting in 2005,[14][15] and was replaced by Siddharth Mehta in 2020.[16]


The company began as the result of a 1999 merger of Jones Lang Wootton and LaSalle Partners.[8][17] Jones Lang Wootton was a London auctioneer that originated in the 1700s.[8] By 1976, Jones Lang Wootton expanded into the United States real estate market in New York City.[18] The company had 4,000 employees in 33 countries around the time of the merger with LaSalle Partners.[19]

William Sanders founded real estate company International Development Corp in 1966 in El Paso, Texas.[20][21] Sanders renamed the company LaSalle Partners in 1968 and relocated to Chicago, Illinois.[20] The company first offered investment banking, investment management, and land services.[6] By 1997, LaSalle had grown into three business divisions, Management Services, Corporate and Financial Services, and Investment Management, with ten U.S. corporate offices and seven international offices.[6] LaSalle Partners made an initial public offering in 1996.[6]

LaSalle Partners and Jones Lang Wootton merged to form Jones Lang LaSalle (JLL) in 1999 in a $435 million deal.[17][22]

JLL purchased The Staubach Company in 2008.[11] Roger Staubach served as executive chairman of JLL from 2008 until he retired in 2018.[5] JLL merged with UK-based King Sturge in a £197 million deal in 2011.[23] The combined business, with 2,700 employees and 43 offices, created the largest property agent in the UK, as reported by The Telegraph in 2011.[23] The company acquired UK-based Guardian Property Asset Management in 2015.[24] LaSalle Investment Management, a subsidiary of JLL, managed $58 billion in real estate investments for institutional and retail clients, as of 2016.[8] JLL had acquired 80 companies and established 100 offices worldwide by 2016.[11]

The company expanded from commercial real estate services to include property technology or "proptech", with the 2017 launch of its JLL Spark division.[25] In early 2018, the division acquired Stessa, a portfolio management company.[26] In June 2018, JLL Spark created a $100 million venture fund to invest in real estate start-ups, such as a technology to link office users with co-working spaces.[27]

JLL announced the acquisition of HFF in a deal worth $2 billion in March 2019.[28] The acquisition was completed in July 2019 and worth $1.8 billion.[29]

See also[edit]


  1. ^ "10-K". Retrieved February 26, 2021.
  2. ^ "Jones Lang LaSalle Incorporated 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  3. ^ "Jones Lang LaSalle Incorporated (JLL) Company Profile & Facts - Yahoo Finance". Retrieved April 10, 2020.
  4. ^ "Fortune 500: Jones Lang LaSalle". Fortune.
  5. ^ a b Hall, Cheryl (October 14, 2018). "The gameplan for Roger Staubach? Teaming up with Cowboys pal Robert Shaw and family clock management". Dallas Morning News. Retrieved February 11, 2019.
  6. ^ a b c d Bodamer, David (April 1, 2014). "Top 10 Brokerage Firms". National Real Estate Investor. Retrieved February 8, 2019.
  7. ^ Priyadarshan, Chetan (July 29, 2019). "JLL India sees 17% revenue growth, plans to hire 2,000 more this year". International Business Times. Retrieved August 1, 2019.
  8. ^ a b c d Englander, David (May 28, 2016). "The Case for Buying Jones Lang LaSalle". Barron's. Retrieved February 8, 2019.
  9. ^ Montgomery, Angus (March 5, 2014). "Jones Lang LaSalle becomes JLL". Retrieved February 11, 2019.
  10. ^ Mason, Amelie (May 8, 2019). "Jones Lang LaSalle Incorporated (JLL) Is In Buy Territory (Again)". Post Analyst. Retrieved May 22, 2019.
  11. ^ a b c Chen, Cathaleen (September 8, 2016). "Movers & Shakers: NBCUniversal names new chief real estate officer, JLL's new CEO … & more". The Real Deal. Retrieved February 8, 2019.
  12. ^ "JLL misses Q2 estimates, appoints new CFO". San Francisco Business Times. August 10, 2020. Retrieved August 13, 2020.
  13. ^ "Global real estate firm JLL names Karen Brennan chief financial officer". BizWomen. June 23, 2020. Retrieved August 13, 2020.
  14. ^ Hope, Katie (January 22, 2019). "Davos 2019: 'I'm the boss, he's the spouse'". BBC News. Retrieved February 13, 2019.
  15. ^ Squires, Paula (October 29, 2016). "Changing the face of commercial real estate". Virginia Business. Retrieved February 13, 2019.
  16. ^ "Change at the top as JLL names new chairman". February 6, 2020. Retrieved February 26, 2021.
  17. ^ a b Ho, Catherine (March 17, 2014). "What's in a name? For Jones Lang LaSalle, a lot less". Washington Post. Retrieved March 11, 2019.
  18. ^ Scardino, Albert (March 30, 1987). "A Wall St. Realtor Lures Foreign Cash". The New York Times. Retrieved March 8, 2019.
  19. ^ "Company News; LaSalle and Jones Lang Wootton in Merger Talks". Bloomberg News. June 18, 1998. Retrieved March 8, 2019.
  20. ^ a b Saul, Stephanie (October 29, 2018). "Beto O'Rourke Once Supported an El Paso Real Estate Deal. Barrio Residents Remember". The New York Times. Retrieved February 8, 2019.
  21. ^ Helman, Christopher; Debter, Lauren. "Is Beto O'Rourke's Wife Really A 'Billionaire' Heiress? Not Likely". Forbes. Retrieved February 11, 2019.
  22. ^ "Company News; LaSalle To Buy Jones Lang Wootton For $450 Million". Reuters. October 23, 1998. Retrieved March 8, 2019.
  23. ^ a b Ruddick, Graham (May 27, 2011). "Jones Lang LaSalle merges with King Sturge to become UK's biggest property agent". The Telegraph. Retrieved February 11, 2019.
  24. ^ "JLL moving into residential property with Guardian acquisition". The Irish Times. November 12, 2015. Retrieved February 11, 2019.
  25. ^ Chen, Jackson (April 4, 2018). "JLL Spark makes first acquisition as industry gets serious about technology". Retrieved February 8, 2019.
  26. ^ Campbell, Kyle (June 6, 2018). "JLL tech division launches $100M prop-tech venture capital fund". Real Estate Weekly. Retrieved February 8, 2019.
  27. ^ Nitkin, Alex (January 30, 2019). "JLL Spark leads $5.2M funding round for British office booking platform". Cretech. Retrieved August 1, 2019.
  28. ^ Ecker, Danny (March 19, 2019). "JLL to buy brokerage HFF in $2 billion deal". Crain's Chicago Business. Retrieved April 26, 2019.
  29. ^ Carlock, Catherine (July 2, 2019). "JLL closes $1.8B acquisition of rival HFF". Boston Business Journal. Retrieved July 11, 2019.