Mark Marasciullo joins firm to advance investor client relationships and service delivery.
NEW YORK, NY – March 26, 2012 – (RealEstateRama) — Jones Lang LaSalle has hired Mark Marasciullo as a Managing Director in New York. He will serve on the firm’s national investor client team — a group of established facilitators and relationship managers for Jones Lang LaSalle’s largest institutional investor clients.
The new hire expands the firm’s service ability to connect national clients to local market opportunities. The team seeks to create client awareness about new market-specific services, and to cross-share opportunities for each client to leverage the firm’s investor business lines expertise, including Capital Markets, Agency Leasing and Property Management, across multiple product types.
“The national investor client team builds strong client relationships; understands each client’s organization and needs; and helps the markets teams leverage the national platform to serve clients best,” said Tom Griffin, Managing Director of Jones Lang LaSalle’s national investor sales. “By growing this team, we are demonstrating our commitment to our investor clients and markets teams—fostering mutually beneficial relationships. We’re offering investor clients local market knowledge and expertise, as well as supporting our markets’ new business efforts.”
Marasciullo, like his counterparts, will work closely with property management, agency leasing, and capital markets teams—across office, industrial, retail and multifamily product types—on a local and national level to collectively focus all the firm’s resources on solutions for investor clients and prospects.
“Mark’s outstanding track record in a variety of capacities within the real estate industry will make him an invaluable resource to the team—helping deepen these critical client relationships and connect clients with local markets teams that can find opportunities that suit their needs,” Griffin said. “Having a dedicated expert in New York will be beneficial because of the number of institutional clients we have in the area.”
Marasciullo comes to Jones Lang LaSalle from New Canaan Partners LLC, in New York, which he founded in 2006. He is the company’s managing principal, and oversaw the acquisition of several assets located on Manhattan Island. In addition, New Canaan Partners was engaged by several institutional CRE investors as an outside asset management and workout/re-structuring advisor.
He founded the company directly after his previous tenure at Jones Lang LaSalle in various roles, including Senior Vice President of Investor Services and Vice President of Capital Markets. Marasciullo has also worked at notable companies Eastdil Secured, a real estate investment banking company; and Spaulding & Slye, which Jones Lang LaSalle acquired in 2005.
“Being able to serve the firm’s largest investor clients, while also supporting and coaching local teams, is an exciting endeavor that allows our group to reach new depths in our relationships with clients, as well as help foster opportunities for our teammates across the country,” said Marasciullo.
Jones Lang LaSalle’s Investor Services group focuses on the lifecycle of the asset by serving the client through all stages including: acquisition, building positioning, capital improvements, re-stack, lease-up, building stabilization, to possible refinance, tenant retention and eventually disposition.
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Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,700 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2010, the New York tri-state team completed approximately 17 million square feet in lease transactions, completed capital markets transactions valued at $861 million, managed projects valued at more than $5.8 billion, and oversaw a property and facilities management portfolio of 83.5 million square feet.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com
Contact:
Paige Steers
Phone: +1 312 228 2797
Email: paige.steers (at) am.jll (dot) com
Kristin Hunt
+1 773 755 5842
kristin.hunt (at) am.jll (dot) com
