JLL Completes Acquisition of CLEO Construction Management

CHICAGO, IL and LOS ANGELES, CA--(Marketwired - Jul 31, 2014) - JLL (NYSE: JLL) announced today it has closed the previously announced acquisition of CLEO Construction Management, an Orange County, California-based construction project management services firm that specializes in medical facilities.

The combination of CLEO's prominent, specialized expertise with JLL's leading healthcare, facility management, advisory, and project and development services for medical properties will provide a broader range of services to healthcare organizations and meet the growing needs of this real estate sector.

CLEO founders Jeff and Tim Fyffe have joined JLL as Senior Vice Presidents, along with 10 construction project management experts.

"The feedback from our clients has been overwhelmingly positive," said Jeff Fyffe. "They realize the advantages of being able to tap the broader JLL platform while maintaining the high level of customized service required by their complex projects." 

For additional information on JLL acquiring CLEO, please refer to the news release issued on July 14, 2014.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $48.0 billion of real estate assets under management. JLL is the brand name of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

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