LaSalle Investment Management, the real‑estate investment arm of Jones Lang LaSalle Incorporated, has named Brad Gries its new Global CEO and promoted Tim Kessler to President, with the changes taking effect on January 1 2026. Gries, a Chicago‑based executive who has served on LaSalle’s Global Management Committee since 2021, will retain his role as Head of the Americas while overseeing the firm’s worldwide strategy. Kessler, who has been LaSalle’s Global COO since 2018, will report to Gries and lead day‑to‑day operations.
LaSalle manages approximately US$88.5 billion in assets as of Q2 2025, while its parent company, JLL, reports annual revenue of US$23.4 billion and operates in more than 80 countries. The leadership transition comes as LaSalle seeks to deepen its integration with JLL’s commercial real‑estate services platform and expand into new asset classes such as life sciences, data centers, and student housing.
The change is part of a broader succession plan designed to preserve continuity and accelerate growth. By placing two executives who have spent the last several years building LaSalle’s global footprint at the helm, JLL signals confidence in the firm’s ability to capture fee growth and enhance client value. The appointments also align with LaSalle’s strategy to broaden its debt investment operations and pursue strategic partnerships, such as the recent recapitalization of a US$495 million industrial portfolio with QuadReal Property Group.
Mark Gabbay, who has led LaSalle since 2021, will transition to Executive Chairman, ensuring a smooth handover and continued oversight of the firm’s long‑term strategy. Gries and Kessler have emphasized a focus on operational excellence, leveraging data analytics to optimize portfolio performance and pursuing geographic expansion into high‑growth markets.
The leadership change is expected to strengthen LaSalle’s competitive position in the global real‑estate investment market. With a seasoned executive team at the helm, the firm is positioned to drive fee growth, deepen client relationships, and accelerate the integration of its investment management capabilities with JLL’s broader real‑estate services platform.
Overall, the appointment of Brad Gries as Global CEO and Tim Kessler as President represents a strategic move to sustain LaSalle’s growth trajectory and reinforce its role as a leading global real‑estate investment manager.
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