JLL Expands Industrial Capabilities in Raleigh-Durham

JLL today announces that Justin Booth has joined the firm’s Raleigh office as Senior Vice President on the Industrial team. Booth brings nearly 10 years of experience to JLL, where he will focus on growing the team’s industrial capabilities while assisting clients in developing and executing long-term real estate strategies.

In his new role, Booth will work to provide industrial real estate advisory and transaction services for corporate users of real estate as well as institutional and individual owners of assets and land. He will work with clients to execute on transactions that prioritize financial and efficiency parameters, ultimately positioning clients for optimized site locations and highest possible return on their assets. With vast expertise and deep knowledge of industry and market trends, he will be instrumental in serving future and existing clients across the Raleigh-Durham area.

“With the Raleigh metro recently announced as the second fastest growing metro in the U.S., it is no surprise we have seen a drastic uptick in industrial activity in our market,” said Kimarie Ankenbrand, Raleigh Office Lead at JLL. “As the sector continues to gain momentum in the market to meet the needs of the fast-paced growth, Booth will be a critical addition to our team. His market knowledge, client experience and reputation in the market will serve as invaluable tools while we continue to expand our capabilities in the sector.”

Prior to joining JLL, Booth served as Principal in Avison Young’s Raleigh-Durham office where he transacted over 1.5 million square feet of existing and newly developed industrial space across the Southeast, as well as notable Raleigh and Durham land sales. Throughout his career, Booth has been recognized for high levels of production as a CoStar Powerbroker, TCAR Industrial Million Dollar Leasing Club, TCAR Million Dollar Sales, TCAR Million Dollar Land Sales, Triangle Business Journal Flex Lease of the Year and Triangle Business Journal Land Sale of the Year Award.

He also serves as on the Board of Visitors members at his alma mater, The University of North Carolina at Wilmington. In addition, Booth previously served as Board Chair for The Carying Place, a non-profit organization that teaches homeless, working families with children life skills for attaining independent living while providing short-term housing.

“I’m thrilled to join a firm that has already solidified its presence as a real estate powerhouse in Raleigh,” said Booth. “There is a tremendous opportunity to capitalize on the rapidly growing sector and I’m eager to use my experience to work alongside a team of experts and deliver exceptional results for our clients.”

According to JLL’s 10 Things to Know Entering 2023 Report for Raleigh-Durham, the market experienced a record number of industrial deliveries in 2022 with over 5.2 million square feet – a substantial increase from the 620,000 square feet of deliveries the market saw in 2021. JLL’s experts predict that Raleigh-Durham will remain well-positioned as an industrial market, fueled by the continued advancement of its manufacturing and technology sectors, as well as booming population growth.