JLL names Schanke EVP of Global Retail Business Development

JLL has appointed Erika Schanke to executive vice president of Global Retail Business Development. Schanke will be responsible for the company’s global retail business development initiatives, increasing communication and cross-selling across the Americas, Europe, Middle East and Africa and Asia-Pacific.

“We’re very excited to welcome Erika as we continue to drive global expansion of JLL Retail and invest in our platform to service our clients,” said Naveen Jaggi, president of Retail Advisory Services, JLL. “This is an opportune time for Erika to join as retail has seen a significant rebound over the past few quarters and inflation is starting to curb big-ticket items like homes and cars, giving consumers more disposable income – which has retailers in expansion mode currently. Her background in developing global relationships and implementing strategic planning solutions for multinational companies will enable her to help our retail partners achieve their goals.”

Previously, Schanke was vice president at New York-based Odyssey Retail Advisors LLC focused on landlord clientele and luxury retail partnerships. Prior to her role with Odyssey Retail she was at Cushman & Wakefield for over 13 years, where as managing director of retail she led cross-border and multi-market initiatives for the Americas.  

Located in JLL’s New York office, she will serve as a leading advisor dedicated to cross-border retail expansion and will join as a member of the JLL Global Retail Board. Schanke’s skillset will help drive JLL’s retail business globally by helping clients to identify new revenue streams and creatively optimize their global real estate assets. 

Additionally, Schanke’s experience with luxury brands brings added value to her role as luxury demand is incredibly strong globally and rebounding much faster than other retailers in prime corridors. Luxury is already expected to surpass 2019 sales in 2022, according to JLL Retail Research and Statista. 

In this role, Schanke will be partnering with Charlotte Elstob, who is JLL’s global business development lead for Industrial, to continue closing the gaps in global retail distribution needs through JLL’s Retail Industrial Task Force, a blended service model that caters to the entire lifecycle of evolving real estate requirements between retailers and retail property owners. The cross collaboration between Retail and Industrial offers clients an end-to end approach that spans the full depth and breadth of the firm’s expertise.