JLL Buys Mill Valley Retail Outfit
JLL just closed the deal to buy Shelter Bay Retail Group, a retail property management firm based in Mill Valley. The transaction brings JLL 74 urban and suburban, open-air shopping centers totaling 6.5M SF. JLL's third-party retail property management portfolio now totals 83.5M SF in the US. Locally, properties now under JLL management total 5.4M SF. Shelter Bay’s entire 30-person team is coming over and will continue to manage the portfolio. Here's market director Elizabeth Hearle, director of retail business development Stephen Robertson and director of retail property management Sondra Van Metre (former CEO of Shelter Bay).