JLL Continues Acquisition Binge with Mid-Atlantic Buy

JLL's acquisition activity in 2016 heats up with the purchase of Chevy Chase, Md.-based firm Sage Cap.
Bottom (from left to right): William Asbill, John Duffy, Robert Donhauser Top (from left to right): Maggie Duffy, Elizabeth Johnston, Andrew Asbill

Bottom (left to right): W. Asbill, J. Duffy, R. Donhauser
Top (left to right): M. Duffy, E. Johnston, A. Asbill

WashingtonJLL recently announced the expansion of its Mid-Atlantic capital markets operations with the acquisition of Sage Capital Advisors (Sage Cap), a Chevy Chase, Md.-based capital markets advisory firm.

Founded in 2012 by John Duffy, William Asbill and Robert Donhauser, Sage Cap completed transactions in excess of $2.5 billion. The firm specializes in investment sales, debt placement, joint venture equity and structured finance. The three founders, as well as Andrew Asbill, Elisabeth Johnston and Maggie Duffy, will join JLL’s Mid-Atlantic capital markets team.

Sage Cap advised CBRE Global Investors and the JBG Cos. on the formation of a $270 million core plus joint venture, as well as Dweck Properties on the historic sales of America’s Square and Lincoln Square.

“Sage Cap’s boutique, client-centric business model allowed us to be intimately involved with a select group of best-in-class owners…While this strategy has served our clients well, our abilities to meet or exceed their goals will be significantly enhanced by aligning with a global real estate services firm,” said John Duffy in prepared remarks.

This is the latest move in a 2016 acquisition binge for JLL, who also bought New York City-based consulting company Merritt & Harris, workplace tech and management firm BRG, Vancouver-headquartered Bill Goold Realty and San Antonio-based Travis Commercial.

Image courtesy of JLL