JLL Spark acquires Stessa, a tech platform for tracking real estate investments

JLL Spark was launched by publicly-traded JLL to leverage the innovative thinking of a "Silicon Valley startup" for the benefit of its global commercial real estate customer base
  • JLL, or Jones Lang LaSalle is a Chicago-based commercial real estate company.
  • JLL Spark is led by a pair of Silicon Valley entrepreneurs who most recently ran Groupon's mobile business, achieving the highest percentage of revenue from mobile of any eCommerce company.
  • Stessa helps real estate investors better manage portfolio financials.

The product was developed to overlap a consumer-friendly user experience with the sophisticated financial models required to proactively manage tens of millions in commercial property. The price of the deal was not immediately disclosed.