BOSTON-CresaPartners and Jorgensen Facilities are partnering upto help supplement each other's services packages. CresaPartnersdoes not have a facilities management company and Jorgensen doesnot have a transaction management division and a limited projectmanagement division. "Both firms have been receiving Requests forProposals calling for the delivery of all major service lines,"notes CresaPartners' CEO Bill Goade, in statement.

"CresaPartners does everything for corporate real estate exceptfacilities management," explains Cresa's VP of corporate services,Jim Ricker. "It doesn't make sense to start your own facilitiesmanagement business. The margins are lower than the other servicelines, so there aren't a lot of incentives to get into it at thisstage. But there are some fine firms out there that are alreadydoing it."

The Boston-based firm had been searching for a facilitiesmanager to join them exclusively in their endeavors and landed onIrvine, CA-based Jorgensen through a shared business model."Jorgensen is about the same size as us, it's an employee-ownedcompany like we are, and they have a very similar philosophy of howto conduct business, so it seemed like a pretty good fit," Rickertells GlobeSt.com.