Greg Maloney, a retail leader at JLL since the firm’s founding in 1999, plans to retire at the end of the year, stepping down during a period of changing fortunes for a retail industry battered by the pandemic.

Atlanta-based Maloney, who has a 45-year retail career, played a key role in shifting JLL’s retail strategy after becoming president of the company's retail division in 2002.

He focused on expansion, growing JLL’s portfolio of 20 malls into one boasting 500 managed malls, open-air and lifestyle centers. JLL is now the largest third-party retail manager in North America, overseeing more than 75M SF. Maloney also expanded JLL’s slice of the retail capital markets and retail brokerage businesses.

Kristin Mueller, chief operating officer of JLL’s Property Management Platform and Maloney's a longtime business partner, will be replace him as president of the Retail Property Business, and work alongside Naveen Jaggi, president of JLL’s Retail Advisory Services.

Mueller has been part of the retail management business for more than two decades and has held a variety of roles across eight states.

"Kristin brings an extensive retail background to the job and is incredibly well-suited to grow the team as JLL continues to expand its portfolio with larger, geographically diverse and complex properties that reflect evolving investor behaviors,” Mark Zettl, president of JLL's property management business, said in a company statement.