JLL expansion continues with company purchase.

Jones Lang LaSalle has entered into an agreement to acquire Quartararo & Associates Inc., the preeminent independent project management firm in the New York metropolitan region.

The acquisition positions Jones Lang LaSalle as the most powerful project and development services operation regionally and nationally, and enables the company to provide Q&A clients with its full range of integrated real estate services.

Q&A is based in New York, with offices in New Jersey and Connecticut, and conducts business in the Northeast and nationally. The company managed the development of seven million square feet of space during the past year, including representing Time Warner's interests in the 2.8 million square foot Time Warner Center project. Jones Lang LaSalle is known for the strength of its project and development services, and this acquisition further positions the company as the dominant player in the New York region and nationally.

Q&A co-founders Ray Quartararo and Dennis Squilla will join Jones Lang LaSalle as managing directors, and Quartararo will also serve as Northeast region manager of the company's project and development services business. Additionally, Q&A's professional team of approximately 45 people will join Jones Lang LaSalle.

The acquisition of Q&A further strengthens Jones Lang LaSalle's fully integrated real estate service offerings in New York, which include leasing, property management, project and development management, capital markets and investment sales, hotel advisory and facilities management.

"We are fully committed to expanding our presence in the New York market and nationally," said Peter Riguardi, president of Jones Lang LaSalle's New York office. "Ray Quartararo and Dennis Squilla have unmatched reputations and we look forward to working together to maximize our combined relationships. Q&A's people, culture and reputation for quality service and a client-focused business approach are a natural fit for Jones Lang LaSalle."

"This move dramatically transforms our business in New York," said David Arena, chief strategy officer for Jones Lang LaSalle's New York office. "'The addition of Ray Quartararo's team shows our commitment to attracting the best real estate talent on the planet. The skill and expertise of his staff will allow us to provide a greater depth of services to our clients."

"We are truly excited to join the Jones Lang LaSalle team," said Quartararo. "The company has a global platform and a wide range of services that extend far beyond the project management business. Our clients will greatly benefit from the opportunities this alliance brings about, and our staff will benefit from an organization with a culture similar to Q&A and an emphasis on employee development."

Jones Lang LaSalle Managing Director John Krush, current Northeast region manager, who has been instrumental in such notable assignments as Bank of America Tower in Midtown New York and the National Sports Museum in Lower Manhattan, will now focus on continuing to expand the company's development services presence in the region.

"Quartararo & Associates is a noted leader in project management in the New York area," said Krush. "We have seen firsthand the expertise and unmatched reputation of Q&A as we have teamed together on various projects over the last year. Formalizing this ongoing relationship will give us an unequaled edge in the project and development services sector throughout the region and the country."

Q&A's clients have included Time Warner, Madison Square Garden, Lehman Brothers, Ernst & Young.