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GlobeSt.com EXCLUSIVE: 11.3M-SF Portfolio Awarded

AUSTIN-Scribcor Texas from Amarillo corners a three-year contract to manage the state's portfolio of leased sites, which carry a monthly rental tab of $10 million. Scribcor hopes to shave that cost by 15%. The firm's commission-based pay has a ceiling of 4%.

By Tim Green | Updated on March 02, 2003

AUSTIN-Scribcor Texas, an Amarillo, TX-based real estate company, has won a three-year contract to manage the leasing for 11.3 million sf occupied by Texas agencies in commercial buildings.

Scribcor will begin working on the state’s leasing need immediately, according to the Texas Building and Procurement Commission, which awarded the contract. At the same time, the company will develop a “comprehensive strategic plan” concerning the state’s space needs.

The commission chose Scribcor Texas over some of the biggest names and biggest companies in commercial real estate. Others that responded to the state’s request for proposal included CB Richard Ellis Inc., Cushman & Wakefield Inc., Grubb & Ellis Co., Henry S. Miller Commercial Inc., Jones Lang LaSalle Inc., NAI, PM Realty Group LP, the Staubach Co., Julien J. Studley Inc., Trammell Crow Co., United System Integrators Corp. and WorkPlaceUSA.

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