CHICAGO-UGL Equis, based here, has formed a development services group to assist clients with build-to-suit and other development projects. Chris Reutershan, SVP of UGL Equis, will head the group, which has more than 10 projects now underway, and could include up to 70 people in three years.

The firm created the group to offer more options for its clients. “We are essentially a tenant representation company. We focus only on the users of space,” Reutershan says. “Historically, we started out doing transaction services (and) brokerage services.” The development services group will conduct feasibility analyses; help with site selection, zoning and permitting; and assist with financing and deal structure support. The new group will also provide development management and construction management services in addition to project reporting.

The majority of the projects will likely be “ground-up developments,” where the firm will act as the developer and the client will own the property; build-to-suit projects where they firm will work with developer in overseeing the project ; and studies such as feasibility studies and master plans, Reutershan says. “We are not going to become developers. We are not going to own the land,” he says.

The group will initially have between 30 and 35 people, Reutershan tells “We are looking over the next two to three years of probably doubling the staff,” he says. Jeff Abramsky and Marc Schwartz, both SVPs with UGL Equis, will also assist in leading the group. Reutershan has more than 30 years experience with finance and project development. Abramsky and Schwartz each have more than 25 years of experience with managing facilities and construction projects, and in the development and evaluation of real estate, respectively.

The firm’s new group currently has about 10 to 12 projects underway, he says. The People’s Republic of China is one of the group’s first clients. UGL Equis was hired to help redevelop the 200,000-sf embassy building in Washington, DC after the new building opens in the first quarter of 2009, he says. The firm’s development services group is also in discussions with a “West Coast city” to develop a training facility for the city’s sheriff’s department, Reutershan says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.