By: George Elliott, Managing Director, JLL
Toledo, Ohio-based Owens Corning has manufacturing, distribution, office and R&D facilities in 28 countries across the globe. Every year, Owens Corning recognizes its leading suppliers with awards in various categories, from safety, sustainability, innovation, value creation, risk mitigation, among others.
This year, Owens Corning recognized JLL with one of its highest honors — the Supplier Recognition Award. JLL’s team stood apart from more than 6,000 other suppliers who competed for the award through value creation and cost savings.
But, let’s rewind to where it all started.
Manufacturer Meets Real Estate Expert
JLL’s relationship with Owens Corning dates back to 1998, when it was initiated by The Staubach Company. It became official in 2001 when Staubach formalized its relationship with Owens Corning in an exclusive outsource agreement.
Since then—and following it’s merger with Staubach—JLL has helped the global manufacturer with asset and lease management, incentives consulting, strategic planning, and property disposition and acquisition.
Here at JLL, we are proud to work so closely with a best-in-class organization like Owens Corning, and even more honored to be recognized with its most prestigious award.
JLL Earns One of Owens Corning’s Highest Honors
JLL earned the award in the value creation category, and met Owens Corning’s expectations, through real estate transactions and portfolio management.
A recent example: JLL led the charge in a recent site selection project. Starting with about 100 sites, JLL used strategic criteria, economic incentives and financial analysis to narrow the list down to four prime options from which a final site was selected, incentives negotiated and acquisition and development plan completed. JLL’s efforts resulted in significant savings to Owens Corning in its initial project cost and long run operating costs.
The Director of Corporate Real Estate at Owens Corning, Jim Eckert, said “The work JLL delivers creates value and speeds our execution in the market.”
Visit JLL’s press release for more on Owens Corning annual award!
About the Author
George Elliott is Managing Director for Jones Lang LaSalle’s Great Lakes Region and provides leadership for Jones Lang LaSalle’s services to Toledo-based Owens Corning. He specializes in developing and implementing strategies for the management of real estate assets, with the objective of minimizing cost and optimizing investment return.