JLL Partners With CLEO Construction Management

CHICAGO — JLL, a commercial real estate firm, is joining forces with CLEO Construction Management (CLEO) to enhance services for the western health care real estate sector.
Chicago-based JLL (shortened from Jones Lang LaSalle) will partner its Healthcare Solutions group with San Clemente, Calif.-based CLEO and its Southwest Project and Development Services (PDS) group. JLL’s health care business provides inpatient ambulatory facility management, strategic consulting, real estate capital advisory, program management, property management, transaction services, lease administration and energy/sustainability advisory services to hospitals and health care systems throughout the nation.
CLEO’s PDS group manages design, construction and relocation services for more than 12,000 projects annually and has $12 billion in projects currently under management.
“CLEO is a powerful fit with JLL due to its deep expertise in construction project management for medical facilities, its commitment to integrity and innovation, and its strong relationships with health care organizations,” said Peter Belisle, market director for JLL’s Southwest region, in a statement. “Adding the talented professionals from CLEO to JLL’s national team of specialized real estate health care professionals makes the firm uniquely qualified to provide the highly technical skills that health care and life science properties require.”
JLL manages and outsources real estate services for a property portfolio of 3 billion square feet. Last year, the firm closed $99 billion worth of sales, acquisitions and finance transactions. JLL’s health care arm manages more than 135 hospitals, almost 10,000 beds and more than 25 million square feet of hospital and health care-related space. In 2013, Adventist Health agreed to work with JLL’s Healthcare Solutions group to provide a platform of real estate and related consulting services for 19 hospitals in California, Hawaii, Oregon and Washington.
When the acquisition closes at the end of the month, CLEO will add 13 professionals to JLL, and they will report to Carlos Serra, managing director for the PDS group.
“Hospitals seek to reduce costs and risk in their operations and capital projects while, at the same time, increasing performance and quality,” said Jason Clark, managing director for JLL’s health care business, in a statement. “This is particularly true in California, where growing activity in the health care sector requires the best talent, like our colleagues from CLEO, who can help manage the ebbs and flows of both routine and strategic capital projects with a deep understanding of the unique regulatory requirements in the state.”