WASHINGTON, DC-UrbanAmerica Advisors has selected Colliers International to provide management and leasing services for a 1.1 million-square-foot, five-property portfolio leased by federal government agencies. The properties are located in Washington, D.C.; Suffolk, Va.; Norfolk, Va.; Huntsville, Ala.; and Sacramento, Calif. Agencies calling the buidings home include the Department of Defense, the Federal Bureau of Investigation and the Federal Election Commission.
The portfolio is close to 100% leased, Colliers' Kurt Stout tells GlobeSt.com. "It is a leasing and management assignment. On the management side we will be working to add asset value; on the leasing side it is primarily about renewals."
One reason Colliers secured the assignment, Stout believes, is because of the firm's tight integration between its leasing and management operations. "We emphasize the concept of a government solutions platform. Most services in this space tend to stand alone as silos."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
