Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Jones Lang LaSalle was hired for the leasing and management duties at six southern enclosed malls and two open-air centers owned by Gregory Greenfield & Associates. Jones Lang’s retail group now manages 15 million sf of shopping space that is owned by Atlanta-based GG&A.

The malls in the portfolio are, in Alabama, the 1.3-million-sf Bel Air Mall in Mobile and the 527,000-sf University Village, in Auburn; in Georgia, the 508,000-sf Glynn Place in Brunswick, and the 536,000-sf Valdosta (GA) Mall; the 450,000-sf Greenville (NC) Mall; and the 524,000-sf Colonial Mall Myrtle Beach (SC). The open-air assets, both near Birmingham, AL, are the 440,000-sf Pinnacle at Tutwiler Farm and the 644,000-sf Promenade at Tutwiler Farm.

Many of the properties are part of a portfolio that GG&A’s parent company, Sydney, Australia-based Babcock & Brown bought http://www.globest.com/news/535_535/retail/145458-1.html in a joint-venture deal last year. Including those properties, GG&A manages or holds interests in 22 mall across the US.

Babcock agreed in May to purchase GG&A in a deal to close some time next month. The firm invests in a variety of industries around the world.

Jones Lang LaSalle’s retail operation manages about 60 regional malls in the US and 280 centers around the globe. In May, Walton Street Capital retained Jones Lang to lease and manage two former GG&A assets in the Boston area.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.