The Jones Lang LaSalle Retail marketing and development team of Bill Huelsman, Ed Seikus and Carol Sullivan will have consultative responsibilities for Garrett Ranch.  Jones Lang LaSalle is currently conducting research, developing the site plan and developing marketing materials.

Garrett Ranch is a 200-acre planned mixed-use lifestyle community located in Hemet, California at the northeast corner of Highway 74 (Florida Avenue) and Warren Road with convenient access from the new Route 79 Expressway.   The development will feature a lifestyle center, traditional retail, and free standing “big-box” retailers, with restaurants, office and residential components.  Garrett Ranch will be developed in several phases with groundbreaking planned for fall 2007. 

Hemet is in the heart of Riverside County, the second fastest growing county in the nation.  More than 3,000 homes are currently under construction with more than 27,000 homes approved in the San Jacinto Valley where the Garrett Ranch is located.  This growth means an estimated population jump of nearly 71 percent in a five-mile radius around the center.  Once complete, Hemet will be a city the size of Rancho Cucamonga (population: 163,500) and bigger than Santa Rosa, Escondido and Pasadena. 
 
The median age of families moving to Hemet is 38.1 years, down from 44.7 in 2000.  “Hemet is the perfect location for young families and active retirees that are looking to escape an overcrowded Orange and Los Angeles counties and who want a higher quality of life,” said Bill Huelsman, Senior Vice President, Jones Lang LaSalle Retail.

Paul Goldring Garrett, founder of The Garrett Group, LLC, is active in ranching, organic farming, community development and philanthropy in Southern California.  Paul Garrett’s philosophy is to do good work, as a steward of the land, to bring it to its best use, and to build caring communities that provide environments for growth.  Then, to do good in the world, in regenerative ways that make it a better place for us all to live. 

“We’ve been farming this property since 1960 believing that one day it would be a major part of the expanding Hemet and San Jacinto Valley communities,” said Paul Garrett, founder and principal of Garrett Group, LLC.  “My vision is that one day Garrett Ranch would be my legacy to the Hemet community.  I’m confident Jones Lang LaSalle can help us make my vision a reality.”

“I’m extremely pleased that The Garrett Group chose Jones Lang LaSalle to get this development project off the ground,” said Greg Maloney, CEO, Jones Lang LaSalle Retail.  “I’m certain that with the strong team in place we will be able to make Paul’s vision for Garrett Ranch and Hemet come to fruition.”

About The Garrett Group
The Garrett Group serves as the investment manager for a diversified portfolio of real estate holdings including land, commercial properties and new developments.  The firm’s goal is to provide world class service, produce superior returns, and provide capital preservation and growth with an uncompromising commitment to excellence within a humanistic workplace.  The Garrett Group is situated in the heart of Southern California and operates within the Western United States.   Our corporate offices are headquartered in Temecula, California.

About Jones Lang LaSalle Retail
In the United States, Jones Lang LaSalle Retail is the largest third-party shopping center manager with a 35-million-square-foot portfolio of more than 60 regional malls and transportation terminals across 24 states. Jones Lang LaSalle (NYSE: JLL) is the world’s leading real estate services and money management firm with a portfolio of 903 million square feet of property under management worldwide, including more than 280 shopping centers on four continents. For more information on Jones Lang LaSalle Retail, visit www.jllretail.com.