Behind JLL’s Integra Acquisition

Belisle: “As full-service firms look to grow, it is natural for them to evaluate the acquisition of these boutique firms in order to better service their clients.”

IRVINE, CA—Being “full-service” today means offering advice on a range of needs, from full appraisal analysis for transactions to feasibility studies for proposed developments and more, JLL’s head of valuation and advisory services, US, Michael Welch and Southwest market director Peter Belisle tell GlobeSt.com. The firm recently acquired the Orange County affiliate of Integra Realty Resources, a leading network of independent US commercial real estate valuation, counseling and advisory firms. Seven professionals will join JLL, expanding the firm’s valuation and advisory services in the US to the West Coast.

As we reported in December 2016, the firm took another big step in the expansion of its commercial real estate valuation, counseling and advisory services by acquiring the Chicago affiliate of Integra Realty Resources, a follow-up to the addition of IRR’s Houston affiliate in October and the Dallas affiliate of IRR earlier this month.