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GlobeSt.com EXCLUSIVE: Cresa Signs FSI for Tri-State Project Management

NEW YORK CITY-Cresa Partners has solidified its tri-state New York presence by signing locally based FSI as its local-area property management guru. The deal is expected to increase New York-area revenues by at least 10%.

By John Salustri | Updated on November 21, 2003

NEW YORK CITY-A broader Tri-State service platform and a possible increase in annual revenues of 10% to 15% are the twin perks of Cresa Partners’ latest growth maneuver. The tenant rep organization has signed locally based FSI as its project management provider in the region.

While the firm will be a preferred provider in New Jersey, it has landed the exclusive in its primary markets of Manhattan and Long Island, according to FSI principal Leonard M. Eagle. The deal, signed early in November, is also a bit of a departure for Cresa, which signed the firm on in an affiliation rather than its typical partnership. That relationship will be revisited in a year, according to Eagle. “Unless I’m a really bad judge of character, this is a match made in heaven,” he tells GlobeSt.com.

Eagle says that the approach Cresa will take is to bring FSI in at the start of every assignment to evaluate space need. Essentially, “we can accomplish two things,” he says. “We can help clients develop their budget and find the right space.”

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