Former JLL Chairman and CEO Stuart Scott Dies at 80
Scott was "one of the leading figures in guiding the strong and successful growth of LaSalle Partners through the 1990s, and a primary architect of the ground-breaking 1999 merger with Jones Lang Wootton," says JLL CEO Christian Ulbrich.
LAKE BLUFF, IL—Stuart L. Scott, who played a central role in building Jones Lang LaSalle from a small regional company into a leading global commercial real estate services and investment management firm, died at his home in Lake Bluff, IL, on February 25. He was 80.
The cause was complications related to Non-Hodgkin lymphoma, says his wife of 37 years, Anne O’Laughlin Scott, a retired Cook County judge and former Commissioner of Martin County, FL.
“We are deeply saddened to learn of the passing of Stuart Scott, former chairman and CEO of JLL,” says Christian Ulbrich, CEO, JLL, in a statement provided to GlobeSt.com. “He was one of the leading figures in guiding the strong and successful growth of LaSalle Partners through the 1990s, and a primary architect of the ground-breaking 1999 merger with Jones Lang Wootton. A truly inspirational figure in US and global real estate circles, Stuart will be sorely missed.”
A founder of LaSalle Partners, and then JLL, Scott dedicated his life to the challenge of bringing professionalism, superior services, high ethical standards and a commitment to act always “in the client’s best interests” to the commercial real estate industry. He led the firm’s rapid growth, including its initial public offering in 1997 and a range of mergers and acquisitions highlighted by the 1999 merger of LaSalle and UK-based Jones Lang Wootton to form Jones Lang LaSalle. He remained chairman and chief executive officer of JLL until his retirement in 2005.
Scott served as chairman of the board of directors of LaSalle Hotel Properties from 1998 to 2000, and then again from 2009 to 2018. He also chaired the LaSalle Street Fund, LaSalle Investment Management’s first institutional commingled fund, the Florida Office Property Company, and other LaSalle-sponsored funds.
In 1999, Scott was named “Real Estate Executive of the Year” by Commercial Property World. In 2004 he received the “Urban Land Institute Lifetime Achievement Award.” Throughout his career, he was well known as a friend and mentor to many individuals in the real estate industry and in other professions.
In addition to his wife, Scott is survived by seven children and their spouses: Alexis; Sarah and John Howell; Charity; Antonia and Richard Feingold; Fiona and Daryl Mechem; George; and Phoebe.
Scott had nine grandchildren: Penelope Tornes; Henry, Amelia, Tally and Stuart Mackey Feingold; Declan, Theodora and Georgie Mechem; and Winnie Volpe.
He was born in Montreal in 1938. His father was an actuary, and his mother was a homemaker.