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Urban Retail Forms Partnership With DC Firm

CHICAGO-Locally based Urban Retail Properties and Washington, DC-based Woodmark LLC form a third-party service provider for class A commercial office owners.

By Dana Dubriwny | Updated on July 13, 2006

(To read more on the net lease market, click here. For more retail coverage, click GlobeSt.com/RETAIL.)

CHICAGO-Locally based Urban Retail Properties and Washington, DC-based Woodmark LLC are teaming up to provide brokerage and management services to class A commercial office owners in Washington, DC and the Mid-Atlantic region of the US.

Urban Retail’s Timothy Steffan, executive vice president with the new firm known as Urban Woodmark LLC, tells GlobeSt.com that with the recent wave of mergers and acquisitions in the real estate brokerage arena, the shrinking inventory of third-party service providers marks a ripe time for a new source. Even more, says Steffan, Urban Woodmark combines the expertise of two diverse product types, and has the backing of two strong parent companies.

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