CresaPartners Ventures with Jorgensen

BOSTON-CresaPartners and Jorgensen Facilities are partnering up to help supplement each other’s services packages. CresaPartners does not have a facilities management company and Jorgensen does not have a transaction management division and a limited project management division. “Both firms have been receiving Requests for Proposals calling for the delivery of all major service lines,” notes CresaPartners’ CEO Bill Goade, in statement.

“CresaPartners does everything for corporate real estate except facilities management,” explains Cresa’s VP of corporate services, Jim Ricker. “It doesn’t make sense to start your own facilities management business. The margins are lower than the other service lines, so there aren’t a lot of incentives to get into it at this stage. But there are some fine firms out there that are already doing it.”