CHICAGO—IDI Gazeley Brookfield Logistics Properties, a global investor and developer of logistics warehouses and distribution parks, has just tapped JLL to manage 47 million square feet of its industrial real estate. The properties are spread out across the US, including Atlanta, Southern Florida, Cincinnati, Memphis, Chicago, New Jersey, central Pennsylvania, Southern California and several Texas markets. JLL officials say the commission is their firm's largest industrial property management assignment in the US.

“High-touch customer service, consistency and value creation are all values that IDI Gazeley and JLL share, creating an ideal collaboration and setting the stage for efficient management of a significant number of industrial assets,” says Dan Pufunt, president, property management at JLL. “We have the right industrial experts on the ground in each of these markets to execute our client's strategy and to help increase the value of the portfolio.”

The portfolio consists of 165 properties with the average property totaling 285,000 square feet.

"This transaction positions IDI Gazeley for greater scalability and growth, while benefiting from the expertise and talent offered by JLL," says Jay Cornforth, managing partner, global head of industrial at Brookfield Property Group and chief executive officer of IDI Gazeley North America. "In short, we have re-aligned our organization to better focus on our customer relationships and service by leveraging JLL's class-leading property management platform"

“Industrial properties are increasingly being targeted by the investment community, including institutional and international buyers, and this has fueled demand for comprehensive knowledge and full-service capabilities for industrial product,” adds Brenda Crisp, senior vice president and national lead for industrial property management at JLL.

Instant Insights /

IDI Gazeley Taps JLL to Run 47 MSF

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