JLL’s retail real estate chief Greg Maloney to retire

One of the highest-profile figures in the retail real estate industry is calling it quits after 45 years during which the shopping center landscape changed dramatically.

When Greg Maloney took over as president and CEO of JLL’s retail property management business in 2002, its retail unit managed just 20 malls. During his tenure, that client list expanded to more than 500 malls, open-air, and lifestyle centers encompassing more than 75 million sq. ft., making JLL the largest third-party retail manager in North America.

Maloney also sits on JLL’s global and Americas retail boards, which sets strategies deployed by more than 1,000 professionals who generate annual income in excess of $100 million.

“Greg has been a steward of JLL’s retail business for the last 20 years and his level of commitment to his clients, the industry, and our team is unmatched,” commented Mark Zettl, president of JLL’s property management business.

Filling Maloney’s role as president of retail will be Kristin Mueller, a 28-year JLL veteran who currently serves as COO of the property management business. In the nine years before she joined JLL, Mueller was an inveterate general manager of malls and shopping centers from Massachusetts to Florida to California for Urban Retail Properties.

Mueller will work closely with Naveen Jaggi, president of retail advisory services at JLL, to oversee client engagement, new business, and national leasing efforts in the Americas.