Chicago-based commercial property management firm Jones Lang LaSalle today said it is merging with Charlotte-based Keystone Partners, which provides leasing and management services for office and industrial properties.
Under the deal, the four partners who founded Keystone Partners in 2001 — Chase Monroe, Brad Cherry, Pete Pittroff and Jim Thorp — will join JLL, along with 12 employees in Charlotte.
Terms of the deal were not disclosed.
“Bringing Keystone Partners into our firm is a key step in our strategy to increase our market share in the Carolinas and provide our clients with a broader, superior local service offering,” Dave McGarry, a managing for JLL, said in a statement.
Chase Monroe, as market director, will lead overall business in the Carolinas while managing the brokerage business in Charlotte. JLL’s Austin Koon will continue to lead the brokerage business in the Raleigh market.
JLL has operated in the Carolinas since 1999, with offices in Charlotte and Raleigh.
Keystone was incorporated in 2001.