CHICAGO, Dec. 19, 2022 – JLL and Quiet Platforms, a wholly owned subsidiary of American Eagle Outfitters Inc. (NYSE: AEO), announced its partnership to accelerate the opening of new forward-edge fulfillment centers across the U.S. in 2023 to serve retailers and brands in the Quiet Platforms supply chain network. Under the agreement, the two companies will pioneer a flexible rent-as-a-percentage-of-revenue model for logistics real estate.

“We’re focused on rapidly expanding our nationwide network of fulfillment centers to help all of the retailers and brands in the Quiet Platforms network deliver excellent experiences to their end customers,” said Shekar Natarajan, President of Quiet Platforms. “We’re pleased to partner with the real estate experts at JLL to accelerate the growth of our facilities network through a unique, variable-expense model that offers more flexibility at the real estate level.”

“We’re excited to partner with Quiet Platforms and seek opportunities that deliver a flexible transaction structure,” said Kris Bjorson, International Director, Industrial Brokerage, Americas, for JLL. “To support the company’s goal for a responsive, dynamic network, we’re uncovering creative solutions across corporate subleases, retail to industrial conversions, and even speculative industrial developments.”

Quiet Platforms’ expansion of its edge fulfillment network with JLL will form a key part of Quiet Platforms’ nationwide network of facilities offering end-to-end, fully managed supply chain services for e-commerce and omnichannel retail brands. Using Quiet Platforms’ inventory science and technology platform, brands and retailers can optimize their customer click-to-deliver experiences for speed, service quality and cost efficiency.

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