JLL expands development platform with new executive

Chicago -- JLL announced the expansion of its retail team with the addition of Bill Moston. Moston joins JLL as a senior VP, National Retail Development, and brings nearly 30 years of experience to JLL. He will be based out of the firm’s Chicago office.



In his new role, Moston will be responsible for advising JLL’s clients and executing on ground-up retail projects, redevelopments and renovations across the United States, as well as managing anchor store negotiations and tenant coordination.



“Adding Bill to our development team will allow JLL to better advise its clients seeking to update or create new retail space,” said Larry Jensen, senior director of Retail Development at JLL.



JLL research indicates that nearly 50 million sq. ft. of retail space was delivered in 2014, with general retail space -- including the construction of urban storefronts -- driving the development market. The uptick in mall construction has also grown significantly, with total U.S. mall deliveries in 2014 rising nearly 43% year-over-year.



“Shopping center owners and investors held off updating their centers during the downturn, but now we’re finally seeing these assets getting capital allocated for renovations or expansions,” said Moston. “I am thrilled to join JLL and look forward to growing the retail development business, and partnering with owners on their development and construction needs during this exciting time for the retail industry.”



Moston started his career in retail at the Homart Development Company, and then led regional development and redevelopment teams for General Growth Properties for more than 10 years. In 2006, Moston jumped to the investment side of the business, and spent time at the Archon Group, a Goldman Sachs Company, where he was responsible for sourcing and developing retail investment opportunities. Following Archon, Moston was with JP Morgan and most recently served as a relationship manager at Credit Suisse.