The firm created the group to offer more options for its clients. "We are essentially a tenant representation company. We focus only on the users of space," Reutershan says. "Historically, we started out doing transaction services (and) brokerage services." The development services group will conduct feasibility analyses; help with site selection, zoning and permitting; and assist with financing and deal structure support. The new group will also provide development management and construction management services in addition to project reporting.

The majority of the projects will likely be "ground-up developments," where the firm will act as the developer and the client will own the property; build-to-suit projects where they firm will work with developer in overseeing the project ; and studies such as feasibility studies and master plans, Reutershan says. "We are not going to become developers. We are not going to own the land," he says.

The group will initially have between 30 and 35 people, Reutershan tells GlobeSt.com. "We are looking over the next two to three years of probably doubling the staff," he says. Jeff Abramsky and Marc Schwartz, both SVPs with UGL Equis, will also assist in leading the group. Reutershan has more than 30 years experience with finance and project development. Abramsky and Schwartz each have more than 25 years of experience with managing facilities and construction projects, and in the development and evaluation of real estate, respectively.