ONTARIO, CALIF., Aug. 16, 2011 — Jones Lang LaSalle has hired 14-year industry veteran Jeff Bellitti as Vice President to help increase the firm’s industrial business, representing tenants and landlords in leasing and acquisitions in Southern California’s Inland Empire market. Bellitti, based in the firm’s Inland Empire office, will partner with Executive Vice President Mike McCrary and Managing Director Peter McWilliams.
“Jeff will play a significant role in working with Mike and Peter to help our growing client base in the Inland Empire office,” said Jan Pope, Jones Lang LaSalle’s Southern California Market Director. “The Inland Empire, in particular, has set the bar for strong fundamentals in the industrial sector after finishing 2010 with more than 10 million square feet of positive absorption. We are confident that Jeff’s expertise will enable us to exceed our client’s expectations in the region.”
Bellitti comes to Jones Lang LaSalle with a wealth of experience in industrial real estate. Prior to joining Jones Lang LaSalle, he was vice president at a major commercial real estate firm where he specialized in the sales and leasing of industrial facilities in the Inland Empire. In the past five years, he has completed more than 225 transactions in excess of 6.5 million square feet and $155 million in total consideration.
Bellitti earned a bachelor’s degree in business administration with an emphasis in real estate finance from University of Southern California. He is currently an active member of the American Industrial Real Estate Association (AIR) as well as the co-founder and co-chairman of Drive for a Cause, a fundraising organization whose mission is to increase awareness, engage, and provoke action amongst its members to fulfill an inherent responsibility toward social, medical, and educational needs of their communities.
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 2010 global revenue of more than $2.9 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 1.8 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 $45.3 billion of assets under management. For further information, please visit our website,www.joneslanglasalle.com.