JONES Lang LaSalle has made a bid for Corporate Realty Advisors, one of North Carolina’s leading corporate advisory services for an undisclosed amount.
Founded in 1994, the firm is based in Raleigh and
As part of the takeover, CRA’s managing partners John Stubbs and Austin Koon, along with partners Michael Morgan and Louis Stephens, will join JLL as managing directors, along with seven additional employees.
The new team will report to managing director Chris Wasko.
JLL firm currently services many North Carolina-based companies such as Bank of America and Duke Energy and CRA will expand JLL’s
The firm’s Capital Markets Group has been extremely active in the
JLL Americas’ chief executive Peter Roberts said the acquisition of CRA advances two key strategic priorities, in gaining a leadership position in select markets, and continually enhancing the firm’s ability to serve clients’ needs.
“JLL is a globally recognized leader in commercial real estate and has a culture second to none in the industry,” Stubbs said. “We are excited to join forces with this outstanding company to help grow the firm’s business in the Southeast. We are confident in our ability to leverage the firm’s global platform and first-class corporate advisory services.
Australian Property Journal
