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.
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