LOS ANGELES—CBRE Group said Wednesday it had acquired a 50% interest in strategy and design company Streetsense; deal terms were not disclosed. As part of the investment, CBRE has acquired Streetsense's retail brokerage serving clients in the Washington, DC market; the new business will be called Streetsense|CBRE.

“Streetsense's focus on 'creating brands people love and places people love to be' will be amplified by CBRE's powerful service offering, client base and commitment to innovation,' says Anthony Buono, CBRE executive managing director, Americas retail advisory & transactions services. “Together, we strengthen our ability to connect with end-users across industries and geographies.”

Headquartered in Bethesda, MD, Streetsense was founded in 2001. The Washington Business Journal reported that its growth over the past decade has stemmed mainly from its design, branding and concept creation business. Its roster of clients has included the Ritz-Carlton, JBG Smith, Interbake Foods, General Growth Properties, Chef Mike Isabella, and the Detroit Economic Growth Corp.