CBRE Acquires US Equities

CHICAGO—CBRE Group, Inc. has just acquired US Equities Realty, LLC, one of Chicago’s top real estate firms, officials from both companies said yesterday, and the two will combine their Chicago area operations. US Equities leases and manages about 17-million-square-feet of Chicago property, including the Willis Tower, formerly known as the Sears Tower, and 2.5-million-square-feet on the city’s prestigious Michigan Ave. The terms of the deal were not disclosed.

“With today’s announcement, we are re-defining excellence in Chicago real estate services,” said Chris Connelly, executive managing director of the Chicago region for CBRE. “We’re bringing together two of Chicago’s most highly regarded and successful firms that share common values and a passion for outstanding client service. We are thrilled to have US Equities join us, and we look forward to working with our new colleagues to enhance the services we offer our clients.”