Miami — JLL has been selected to lead on-site property management services for 10 open-air retail centers across Florida and South Carolina, marking a significant milestone in the firm’s nationwide growth strategy. The newly added centers, recently acquired by 11North Partners (11North) and Bain Capital Real Estate, collectively span more than 1 million square feet of gross leasable area with occupancy rates exceeding 93%.
The addition of these high-performing properties is part of a broader expansion of JLL’s retail property management portfolio, which has grown by 18 new centers in just 2 months. JLL will oversee on-site management, including operations, marketing and strategies to enhance property value and tenant engagement.
“These properties represent some of the Southeast’s most prominent retail destinations, strategically located in high-growth markets with strong demographics and anchored by top brands that draw consistent consumer traffic,” says Kristin Mueller, president of retail property management at JLL. “We’re proud to bring JLL’s expertise to this portfolio of retail assets, creating value for owners while delivering an elevated experience for tenants and shoppers.”
The Florida portfolio includes Sawgrass Square and Plantation Promenade in Fort Lauderdale, Miramar Commons in Miramar, Rolling Oaks in Orlando, Promenade at Poinciana and Solivita Marketplace in Kissimmee, New Tampa Center in Tampa, Lake Worth Plaza in Lake Worth, and Garden Shops at Boca in Boca Raton. In South Carolina, JLL signed Point Hope Commons in Charleston.
JLL is a leading global commercial real estate and investment management company that helps clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For more information, visit www.jll.com.
SOURCE: JLL