Standard executes the retail rollout process for clients,including planning, developing and managing retail portfolios. The7-year-old company has located and opened more than 1,400 newstores for retailers across the US, for clients that include thenational rollout for T-Mobile USA and new store growth for JambaJuice.

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Doug Sharp, JLL international director and head of the newbranch of the company, tells GlobeSt.com that Standard brings in aunique talent. "More and more retailers are looking to outsourcethe extension of the real estate function," Sharp says. "We seethis as a great complement to project management, and will bring aservice to a number of our retail clients." The current services atJLL include multi-site project management and facility managementfor retail stores, as well as leasing, management and advisoryservices for 150 retail properties.

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With the acquisition, Standard's Joseph Brady, Branson Edwardsand Lewis Kornberg will join JLL as managing directors, and will bebased in Chicago. An additional 14 Standard employees will join JLLand operate from Atlanta, Los Angeles, Portland, Seattle, St. Louisand Washington, DC.

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Brady tells GlobeSt.com that he and his partners have parlayedexperience handling Hollywood Video's expansion in the 1990s into asuccessful business model, with employees who know how to roll outlarge numbers of stores. "Retail has been the last to subscribe tooutsourcing its real estate, they've always felt they need anin-house team. However, as the talent pool shrank in the past sevenyears, outsourcing has become more the alternative. Now, clientsare asking for an even greater suite of services, and our mergerwith JLL will bring that to them," Brady says.

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