Jim Terrell

Senior Managing Director

A veteran retail real estate and M&A executive who’s widely recognized as a prolific deal-maker and innovative problem-solver, Jim is involved with all of A&G’s clients, designing and implementing real estate plans to maximize value. In addition, he helps direct the exit process for leased and fee-owned properties, including warehouse and corporate office restructuring, consolidation and disposition.

Jim, who is based in the metro Chicago area, joined A&G in 2018 with over four decades of experience, including 36 years with Sears Holdings and its subsidiaries. Most recently he was President of an independent real estate consultancy, assisting a host of clients on efforts to rationalize their real estate portfolios. Prior to that, he was Senior VP of Real Estate for Ashley Furniture.

From 1979 to 2015, Jim held a variety of managerial and senior executive positions at Sears Holdings and its subsidiaries, ultimately rising to Director of Operations-Business Development (mergers and acquisitions) and Vice President and Chief Operating Officer of Sears Holdings’ Real Estate Portfolio.

During his career at Sears, in addition to guiding site selection, new store openings and other retail growth initiatives, Jim repurposed dozens of facilities, including stores, distribution centers, offices and other facilities through leasing, sub-leasing, assignments and redevelopment. He also negotiated hundreds of property divestures, including terminations, sales and exchanges, and recovered millions of dollars of overpayments, overbillings and other costs. Additionally, he participated in or directed several complex transactions, including the merger creating Sears Holdings Corporation, the spin-off of the Seritage Growth Property REIT and the formation of a REMIC (real estate mortgage investment conduit). Jim  was also part of the M&A team that led to Sears’ acquisitions of Land’s End and other companies.

Jim is a Certified Public Accountant and a Licensed Auctioneer in Illinois. He graduated from St. Bonaventure University, Olean, N.Y. with a BBA degree in Accounting.