Jones Lang LaSalle today announced that it has repositioned its U.S.- based Ports Airport and Global Infrastructure (PAGI) desk to the east coast, a move made in response to an increasing level of port-centric industrial real estate being developed along the Atlantic seaboard. John Carver, who heads this industrial real estate group, will relocate from Los Angeles to South Florida to grow the practice and to better serve the firm’s clients throughout the Gulf and East Coast, Latin America and the Caribbean.
“Broadening our practice has become essential to serving our growing client base,” said Carver. “The repositioning of our base to Miami speaks to the strategic importance of South Florida, not only to east/west trade, but also the north/south lanes to which Florida has become the North American gateway. Stimulated in part by the impending Panama Canal expansion, we expect east coast ports to reshape supply chain patterns for years to come, creating opportunities at all levels for real estate investment and attraction.”
The PAGI group, which advises clients on real estate and land development around seaports and airports, will maintain its presence in Los Angeles to continue to serve clients on the West Coast; this includes a China Desk which helps aid both domestic as well as China-based enterprises on their market entry or expansion strategies.
Most recently, the team announced that it was investment advisor to the private consortium behind the Panama Colón Container Port (PCCP), a $600 million container terminal soon to break ground at the Atlantic entrance of the Panama Canal. Last year it announced its role as advisor to Florida Inland Port, the state’s first rail-oriented, integrated logistics center.
“Florida is the gateway to the Eastern Seaboard and an important market for not only the port practice, but for Jones Lang LaSalle clients as a whole,” said Carver. “We expect to see an increasing focus on the state in the next decade as port and inland port business builds within Florida, and investors continue to eye its buoyant real estate market.”
John Carver will be based in Jones Lang LaSalle’s downtown Miami office at 1221 Brickell.
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