In keeping with its strategy to grow through acquisition, Chicago-based Jones Lang LaSalle (JLL), a multinational financial and professional services company specializing in real estate, has acquired Dallas-based Quadrant Realty Finance (QRF), a firm specializing in debt and equity origination.
Terms of the deal were not disclosed.
The acquisition allows JLL to expand its platform in North Texas and enlarges its footprint to include the entire Southwest.
JLL will retain QRF's existing staff, including leader Randy Fleisher, formerly a managing director and executive vice president at CBRE. He will join JLL as a managing director.
‘Interest rates remain at near-historic lows, and the wider net currently being cast by lenders is contributing to one of the most favorable financing environments commercial real estate has seen since the Great Recession,’ said Jay Koster, president of JLL Capital Markets, in a release. ‘This is the ideal climate to respond to increasing client demand in the financing arena and the ideal time for us to acquire significant new talent. Randy and his colleagues have a proven track record that will make an immediate impact for our clients.’
Over the past year, JLL's capital markets experts have closed more than 220 loans totaling more than $7.6 billion, the firm claims.
The company reportedly posted revenue of $3.58 billion in 2011.