JLL Increases Stake in America

Jones Lang Lasalle announced the purchase of Staubach, Americas largest tenant rep business.

The deal which will initially cost JLL £311m could raise another £57.9m on performance related fees.

Staubauch was set up by a now very wealthy Roger Staubach, who initially reached the headlines as a quarter back for the Dallas Cowboys.

Colin Dyer, chief executive at JLL, said: ‘The Staubach Company is recognized for exceptional tenant representation expertise and is a leading presence in markets throughout the United States.’
‘Merging our businesses reinforces two of our global growth priorities: building our position in key US local markets and strengthening our corporate services business by introducing Staubach clients to our global corporate solutions capabilities.’

Roger Staubach said: ‘We want to bring the value of what we’ve built at the Staubach Company to the next level and have chosen to do this with Jones Lang LaSalle because of its global platform, commitment to service and exceptional reputation.’