JLL expands retail brokerage team in Southern California
Matthew Fainchtein to specialize in Beverly Hills and lead firm’s urban high street retail practice in Los Angeles
LOS ANGELES, April 24, 2024 – With the continued evolution and growth of the retail industry, JLL announced today that it has expanded its Southern California brokerage business. The firm has hired 16-year Los Angeles industry veteran and urban street retail expert Matthew Fainchtein as Managing Director with a start date of May 1, 2024. Fainchtein will continue working with tenants and landlords in their leasing and investment needs with a focus on Beverly Hills, West Hollywood, Santa Monica, Studio City, Hollywood, Malibu and the greater Los Angeles area. He will also lead the firm’s urban high street retail leasing practice throughout Los Angeles.
With the addition of Fainchtein, JLL now oversees leasing of more than 20 million square feet of retail properties in Southern California.
“We continue to see incredible growth in urban street retail in Los Angeles as the best retailers want to be here and landlords want to position themselves as leaders in this specialty," said Chris Wilson, JLL National Agency Retail Lead and Executive Vice President. "Matthew is the perfect senior partner for us with his experience doing deals on Los Angeles' best streets. He also gives us the experience to service our national urban clients, partnering with our JLL national urban brokerage colleagues who bring their clients to Los Angeles.”
Wilson went on to say, “We have been looking for a professional like Matthew for some time and are thrilled to have him join our team. JLL will continue to strategically grow our retail brokerage in key markets like LA."
Fainchtein joins JLL with more than 16 years of experience in the retail real estate industry. Most recently, he worked for a boutique retail brokerage firm. Previously he spent nine years at a global commercial real estate firm specializing in urban and high-street retail. Throughout his career, Fainchtein has completed transactions valued at more than $900 million. He is active member of ICSC and is graduate of Bucknell University and the London School of Economics.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.