By Joshua Burd
JLL has named a new co-head of its New Jersey capital markets team, tapping a veteran broker to oversee the firm’s debt and equity placement business in the region.
Michael Klein, a senior managing director, moves into the leadership role with more than 18 years in the commercial mortgage banking industry. He will lead the Morristown-based practice alongside fellow Senior Managing Director Jose Cruz, who spearheads JLL’s investment sales platform in the region.
“Mike exemplifies all of the qualities we look for in the next generation of leaders of this firm,” said Jon Mikula, a senior managing director and former co-lead of the firm’s New Jersey capital markets team. “He started his career in commercial real estate with our team in 2002 and through his strong work ethic and dedication to his clients and partners has become one of the leaders in our business.”
Klein joined JLL as part of its acquisition of HFF in July 2019, having been involved in more than $4.1 billion in multifamily, retail, office, industrial and self-storage transactions, according to a news release. He started at HFF in 2002 after nearly a decade in public relations.
“Jon has been a mentor and partner of mine since I joined HFF and through the merger to JLL,” Klein said. “He is one of the most respected individuals in our business, has consistently led by example and has been a driver in significantly growing our platform in New Jersey over the years. He has prepared me well for this transition and I am looking forward to working directly with Jose Cruz to take JLL Capital Markets’ presence and market share in New Jersey to the next level.”
Klein is an active member of NAIOP and holds a bachelor’s degree from the University of Maryland.