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ATLANTA-Rreef’s continued hand-off of the property management and leasing activities of its portfolio has meant good news for Transwestern’s growing southeast region. The region, which saw new offices open in Orlando and Fort Lauderdale during 2009, is now responsible for a combined 5.2 million square feet of Rreef office and industrial assets throughout Florida and Georgia.

Bruce Ford, Transwestern’s Southeast region leader and executive vice president says the Rreef portfolio has capped a good year for his region, which saw its entire portfolio increase by 8 million square feet from Rreef and other clients. As a result of the growth, more staff was hired throughout the year. “We’ve grown from 50 to 100 team members, including some of the Rreef people,” Ford tells GlobeSt.com. “It’s been somewhat counter-cyclical to the competition.”

Transwestern’s southeast region consists of offices in Atlanta and Miami, in addition to the above-mentioned Orlando and Fort Lauderdale. Ford says there will be more growth in 2010, though did not discuss specifics.

In the meantime, Rreef will finish transitioning its southeast portfolio to Transwestern by later this month. Ford says Q1 2010 will be spent evaluating the portfolio for the client. The focus, he continues will be on renewal leasing and help that Rreef might need in repositioning, though Rreef will continue as asset manager for the assets.

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