October 4, 2018
Private real estate investment and advisory firm Raider Hill Advisors has tapped Jll to manage the Toys “R” Us Propco I Portfolio. This contains former Toys “R” Us and Babies “R” Us retail properties, including building leases, ground leases, and fee simple owned buildings.
The company will handle retail and facility management, tenant coordination, construction, accounting and tax services for the properties, according to Commercial Observer. JLL CEO Greg Maloney said his firm would “support Raider Hill Advisors on their operational ambitions, tenant relationship building program, and the identification of future value enhancing opportunities.”
This adds 13.4 million sq. ft. of retail space at approximately 275 properties across 46 states to JLL’s retail portfolio under management.
“JLL’s depth of experience with portfolio transitions of this scale gives us great confidence in their ability to seamlessly assume the property management responsibilities of Propco I,” said Joseph Tichar, president & COO of Raider Hill Advisors.
*Photo is from https://www.pentagram.com/work/jll/story