JLL to Acquire Primary Capital Advisors Group

Atlanta–Jones Lang LaSalle intends to broaden its capital markets platform by entering into a definitive agreement to acquire certain assets of the Atlanta-based commercial real estate lending and servicing group of Primary Capital Advisors. The acquisition will allow the firm to operate as a Freddie Mac Program Plus Seller/Servicer and include a $2 billion loan servicing platform that Jones Lang LaSalle plans to expand nationally through additional correspondent and servicing relationships.

This transaction is expected to close in the first quarter 2011. Primary Capital Advisors will continue to operate its single-family residential mortgage business across 26 states as Primary Capital Mortgage.