McGraw-Hill Signs Trammell Crow to Manage 8M-SF Portfolio

NEW YORK CITY-Trammell Crow Co.’s New York office has landed the job of handling transaction management, lease administration and database management services for 229 McGraw-Hill Cos. locations across the US. The assignment covers eight million sf of owned and leased office and industrial assets and, Trammel Crow officials say, signals an era of unprecedented collaboration between owners and managers.

Trammell Crow principal Greg Green, and vice presidents Chris Helgesen and Carter Johnston will service the account. “We won the assignment in fourth quarter of ’02,” Green tells GlobeSt.com. “We’ve been transitioning in all along, but we just finalized all the negotiations.”

According to Trammell Crow East Region president John Maher, McGraw-Hill’s decision to integrate several key property-management functions represents a growing trend in corporate America. Large firms, he tells GlobeSt.com, are moving away from a single-transaction mentality and embracing long-term combination strategies. “It goes beyond consolidation,” Maher says. “We view it as an evolutionary step that a lot of our customers are making. We like to focus in detail on how our clients perform processes and a lot more clients are looking to integrate services.”