J
LL Strengthens Platform with Acquisition of Raise Commercial Real Estate

    JLL has announced its agreement to acquire Raise Commercial Real Estate, a technology-powered brokerage that provides client solutions using a transformative digital real estate platform. This acquisition will give JLL and its clients access to Raise's industry-leading leasing technology, enhancing JLL's robust global platform.

    Raise offers a cloud-based application designed to streamline tasks and provide a market-leading digital experience throughout the leasing lifecycle. The platform integrates seamlessly with clients and their advisors at every stage of the process, from transaction and lease management to workplace and portfolio analytics. This technology will supplement JLL's existing leasing tools, such as Blackbird, to help brokers advise clients on confident business decisions.

    "The acquisition of Raise demonstrates our commitment to delivering consistent excellence for our clients," said Andy Poppink, CEO of Markets Advisory at JLL. "By integrating Raise with our global and local market expertise, we will offer an integrated platform solution to our clients."

    Raise's platform, combined with JLL's technology suite and advanced AI capabilities, will accelerate the company's leasing tech journey. Co-Founder and CEO of Raise, Justin Bedecarre, will report to Andy Poppink as Head of Americas Leasing Innovation and lead the integration of Raise into JLL's U.S. leasing business.

    "This acquisition is an exciting step in our vision to shape the future of real estate for a better world," said John Gates, CEO of Americas Markets at JLL. "Raise strengthens our platform with market-leading technology, seasoned brokers, and elite engineers to build innovative products for the full leasing lifecycle."

    The transaction is expected to close shortly, subject to customary closing conditions.