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CHICAGO-CB Richard Ellis Downtown office has added nine million sf to its management portfolio, picking up responsibility for 230 Scheider Electric facilities in the US, Canada and Mexico. Scheider Electric’s brand lines include Merlin Gerin, Square D and Telemecanique.

Cost reduction is a major goal of the client. Before hiring CBRE, Scheider Electric randomly selected local brokers on a deal-by-deal basis, says account manager Mark Pasquella. CBRE will provide portfolio management, consulting, project management and valuations.

Ability to handle a diverse portfolio and act quickly helped CBRE land the contract, says global corporate services president Steve Swerdlow.

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