As announced previously, Jones Lang LaSalle Incorporated JLL closed the acquisition of Big Red Rooster, the retail design and brand strategist firm. This latest acquisition, in sync with the Chicago-based real estate operations firm’s growth policy, will not only complement its project and development capabilities but also add to its retail service offerings.
Notably, Big Red Rooster, based in Columbus, OH, was founded by Martin Beck and Aaron Spiess in 2002. The firm has a client base spread across various sectors including retail, consumer brand, grocery, food service and healthcare. Following the closure of the buyout, over 100 experts from Big Red Rooster will join JLL, to help it offer a wide spectrum of services related to omni-experience branding and design expertise.
Lately, strategic acquisitions have been playing a pivotal role in enhancing JLL’s service offerings. Immediately prior to the above-mentioned acquisition, JLL had bought Berlin-based retail real estate asset management company ACREST. The latter is expected to help JLL offer retail services and advices to its clients in Germany (read more: JLL Buys Real Estate Asset Management Company in Berlin ).
JLL currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the real estate space include Henderson Land Development Co. Ltd. HLDCY, CBRE Group Inc. CBG and RE/MAX Holdings, Inc. RMAX. All three stocks hold a Zacks Rank #2 (Buy).
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