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GM Selects CBRE to Manage Massive RenCen

DETROIT-The company will handle facilities, leasing and project management for 3.5 million square feet in the iconic city complex.

By Robert Carr | Updated on October 10, 2011

DETROIT-General Motors Inc. has hired CBRE Group Inc. to manage one of the world’s largest office complexes, the downtown iconic Renaissance Center. The seven-building property is 5.5 million square feet total, but CBRE’s contract will only include 3.5 million square feet and not the Detroit Marriott hotel.

Hines and GM acquired the 34-year-old complex in 1996, and Hines stayed on as manager since the purchase. John Latessa Jr., managing director of CBRE’s local office, tells GlobeSt.com that the automaker started looking for another manager this year. The building is the main tower complex that is seen on most pictures of Detroit, and it bears the GM nameplate.

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