JLL (company)

  (Redirected from Jones Lang Wootton)

Jones Lang LaSalle Incorporated (JLL) is an American commercial real estate services firm. It is the second-largest company of its kind in the world.[2]

Jones Lang LaSalle Incorporated
Public company
Traded asNYSEJLL
S&P 400 Component
ISINUS48020Q1076 Edit this on Wikidata
IndustryReal Estate
Founded1783; 237 years ago (1783)
1999; 21 years ago (1999) by the merger of Jones Lang Wootton and LaSalle Partners
FounderRichard Winstanley
HeadquartersAon Center
Chicago, Illinois, USA
Area served
Key people
Sheila A. Penrose, Chairman
Christian Ulbrich, President & CEO
Stephanie Plaines, CFO
Roger Staubach (executive chairman)
Property Management
Facility management
Real estate development
Capital markets
RevenueIncrease $16.318 billion (2018)
Increase $0.491 billion (2018)
Total assetsIncrease $10.025 billion (2018)
Total equityIncrease $3.6915 billion (2018)
Number of employees
88,000 (2019)
SubsidiariesLaSalle Investment Management
Footnotes / references
Aon Center in Chicago, which houses JLL's headquarters

The company is ranked 189th on the Fortune 500.[3]


JLL is headquartered in Chicago, Illinois, and is the second largest public brokerage firm in the world.[4][5] The company has approximately 91,000 employees in 80 countries, as of 2019.[6]

Services include sales and leasing, property management, project management, and development.[7] In 2014, the organization shortened its name to JLL for marketing purposes, while the legal name remained Jones Lang LaSalle Incorporated.[8][9]

Former company president Christian Ulbrich succeeded Colin Dyer as CEO in October 2016.[10] Stephanie Plaines was the chief financial officer, as of March 2019.[11] Sheila Penrose has served as the chair of the board since 2005.[12][13]


The company dates back to 1783, when Richard Winstanley set up an auctioneer firm on Paternoster Row in London. In 1840, the grandson of the founder, James Winstanley, formed a partnership with James Jones. Jones passed the business to his son, Frederick Jones, who renamed the company Frederick Jones and Co. In 1872, Frederick Jones retired and his partner, C.A. Lang, renamed the company Jones Lang and Co.[14]

In 1939, the company merged with Wootton & Son to form Jones Lang Wooton (JLW) & Sons.[14]

In 1975, the company opened its first office in the United States in New York.[14]

In 1968, a small group of investors launched IDC Real Estate in El Paso, Texas. In 1972, the company moved to Chicago. In 1977, the company, led by William D. Sanders, changed its name to LaSalle Partners.[15] In 1997, LaSalle Partners became a public company via an initial public offering.[14]

In March 1999, JLW and LaSalle Partners merged to form Jones Lang LaSalle.[16][17]

In July 1999, Jones Lang Wootton California Inc. was sold to Kennedy Wilson.[18]

In 2007, the company acquired the Indian operations of the former Trammell Crow Meghraj.[19]

In 2008, the company acquired Staubach Co., led by Roger Staubach.[20][21][22]

In March 2011, the company acquired Keystone Partners.[23]

In May 2011, the company acquired King Sturge for £197 million to become the largest leasing company in the United Kingdom.[24][25]

In November 2015, the company acquired Guardian Property Asset Management.[26]

In July 2016, the company acquired BRG, a workplace technology firm.[27]

In August 2018, the company acquired Northwest Atlantic of Canada.[28]

In July 2019, the company acquired HFF.[29]

See alsoEdit


  1. ^ "Jones Lang LaSalle Incorporated 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ Maake, Katishi (March 19, 2019). "JLL to acquire HFF in a $2B deal". Washington Business Journal. Retrieved December 10, 2019.
  3. ^ "Fortune 500: Jones Lang LaSalle". Fortune.
  4. ^ Hall, Cheryl (October 14, 2018). "The gameplan for Roger Staubach? Teaming up with Cowboys pal Robert Shaw and family clock management". Dallas Morning News. Retrieved February 11, 2019.
  5. ^ Bodamer, David (April 1, 2014). "Top 10 Brokerage Firms". National Real Estate Investor. Retrieved February 8, 2019.
  6. ^ Priyadarshan, Chetan (July 29, 2019). "JLL India sees 17% revenue growth, plans to hire 2,000 more this year". International Business Times. Retrieved August 1, 2019.
  7. ^ Englander, David (May 28, 2016). "The Case for Buying Jones Lang LaSalle". Barron's. Retrieved February 8, 2019.
  8. ^ Montgomery, Angus (March 5, 2014). "Jones Lang LaSalle becomes JLL". Retrieved February 11, 2019.
  9. ^ Mason, Amelie (May 8, 2019). "Jones Lang LaSalle Incorporated (JLL) Is In Buy Territory (Again)". Post Analyst. Retrieved May 22, 2019.
  10. ^ Chen, Cathaleen (September 8, 2016). "Movers & Shakers: NBCUniversal names new chief real estate officer, JLL's new CEO … & more". The Real Deal. Retrieved February 8, 2019.
  11. ^ "Starbucks executive to take over as CFO at JLL". Crain's Chicago Business. March 5, 2019. Retrieved March 7, 2019.
  12. ^ Hope, Katie (January 22, 2019). "Davos 2019: 'I'm the boss, he's the spouse'". BBC News. Retrieved February 13, 2019.
  13. ^ Squires, Paula (October 29, 2016). "Changing the face of commercial real estate". Virginia Business. Retrieved February 13, 2019.
  14. ^ a b c d "Lasalle: History". LaSalle Investment Management.
  15. ^ Saul, Stephanie (October 29, 2018). "Beto O'Rourke Once Supported an El Paso Real Estate Deal. Barrio Residents Remember". The New York Times.
  16. ^ "LaSalle Partners Inc. of Chicago and Jones..." Chicago Tribune. March 16, 1999.
  17. ^ Ko, Kenneth (October 23, 1998). "JLW merger with LaSalle Partners to create global real-estate giant". South China Morning Post.
  18. ^ Robson, Douglas (July 11, 1999). "Binging Kennedy-Wilson buys up JLW California". American City Business Journals.
  19. ^ "Jones Lang LaSalle and the Former Trammell Crow Meghraj Reach Agreement to Merge India Operations" (Press release). Business Wire. June 12, 2007.
  20. ^ Johnson, Ben (June 18, 2008). "Jones Lang LaSalle Acquires Staubach Co., Boosts Tenant Rep Platform". National Real Estate Investor.
  21. ^ Fruehling, Douglas (June 16, 2008). "Jones Lang LaSalle and Staubach Co. announce merger". American City Business Journals.
  22. ^ Manor, Robert (June 17, 2008). "Jones Lang to acquire Staubach". Chicago Tribune.
  23. ^ Boye, Will (March 22, 2011). "Keystone Partners merges with Jones Lang LaSalle". American City Business Journals.
  24. ^ Packard, Simon (May 27, 2011). "Jones Lang LaSalle Buys King Sturge to Overtake Competitors in U.K. Market". Bloomberg News.
  25. ^ Ruddick, Graham (May 27, 2011). "Jones Lang LaSalle merges with King Sturge to become UK's biggest property agent". The Daily Telegraph.
  26. ^ "JLL moving into residential property with Guardian acquisition". The Irish Times. November 12, 2015.
  27. ^ "JLL Completes Acquisition of Leading Workplace Technology and Management Firm BRG" (Press release). Marketwatch. July 5, 2016.
  28. ^ "JLL acquires Northwest Atlantic in Canada" (Press release). PR Newswire. August 2, 2018.
  29. ^ "JLL Completes Acquisition of Leading Capital Markets Firm HFF". PR Newswire. July 1, 2019.