Experience Necessary to Navigate Sizzling NorCal Industrial Market

Veteran industrial broker John Fondale joins JLL in Central Valley

STOCKTON, CALIF., December 19, 2017 – Northern California’s sizzling industrial market is creating challenges for distribution companies and manufacturers looking to grow. Extremely low vacancy in many markets is creating a space squeeze. In Sacramento, overall industrial vacancy fell to 6.6 percent at the end of the third quarter, a trend that shows little signs of slowing since much of the new industrial construction is preleased. Just three years ago, vacancy topped 12 percent in the region.

In such a tight market environment, having access to time-tested expertise as well as up to the minute insight and information can often provide tenants, as well as investors and developers, with a leg up on the competition.

JLL recently added to its already deep bench of industrial expertise in Northern California with the appointment of highly respected industry veteran John Fondale. Fondale joins as Senior Vice President and will be based in the Stockton office. He brings thirty years experience as an industrial broker in the Sacramento and San Joaquin Valley markets where he has completed almost 900 sales and leasing assignments during his career. He has advised some of the region’s largest industrial users on site selection and expansion opportunities for headquarters and distribution facilities and assisted developers with build-to-suit and lease negotiations as well as property sales and land acquisitions.

Fondale is a graduate of California State University-Sacramento and holds a BS in Business, Real Estate and Land Use. He is an active member of the Society of Industrial and Office Realtors (SIOR), andis past president of the Northern California chapter. He is also a member of the Association of Commercial Real Estate (ACRE). In 2007, he was named Industrial broker of the year by ACRE. He is also a past recipient of ACRE’s Broker’s Choice Award.

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

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