We have new colleagues to celebrate, with the closing of JLL’s acquisition of Shelter Bay Retail Group, a retail property management firm based in Mill Valley, California. The transaction adds 74 urban and suburban, open-air shopping centers totaling 6.5 million square feet to bring the firm’s industry-leading third-party retail property management portfolio in the United States to a total of 83.5 million square feet. The properties now under JLL management include 5.4 million square feet of assets located in the San Francisco Bay Area and San Jose/South Bay, one million square feet in Central and Southern California and another 138,175 square feet of property in Arizona. Shelter Bay’s entire team of 30 experts has joined JLL, and will continue to manage the portfolio.
(Pictured left to right: Sondra Van Metre, Director of Retail Property Management, West Coast; Stephen Robertson, Director of Retail Business Development, West Coast; Elizabeth Hearle, Market Director, Markets West, JLL )