CHICAGO— Equity Commonwealth recently chose CBRE Group, Inc. to provide property management services for eight of its properties in the Chicago area including 600 W. Chicago Ave. and Illinois Center.
CBRE now provides property management and other related services for 145 Equity Commonwealth-owned properties across 30 states and the District of Columbia, a 41.2 million-square-foot property portfolio. As reported in GlobeSt.com, it includes 10 properties in the Austin, TX area, including Bridgepoint Square, a five-building, 440,000-square-foot-plus property. The agreement is one of the largest third-party property management deals in the US commercial real estate industry.
“This prestigious assignment reflects the strength of our service offering, most notably our ability to deliver value across a broad, geographically diverse property portfolio,” says Ed Schreyer, president, agency brokerage and asset services, the Americas, CBRE.
“We are committed to helping Equity Commonwealth to provide top of the line property management services for its tenants,” says John Greenwood, who will serve as CBRE's strategic accounts relationship manager and coordinate the delivery of services for Equity Commonwealth.
CBRE's Katie Scott will lead the Equity Commonwealth account team in Chicago.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
