Chicago, IL – January 5, 2012 – (RealEstateRama) — CBRE, Inc. today announced that it has been selected to manage and lease office properties totaling 3.3 million sq. ft. on behalf of Equity Office Properties in Chicago, IL and Columbus, Ohio.
“Winning and executing a complex leasing and management assignment of this magnitude requires a comprehensive, multi-pronged effort,. said Tony Long, President, CBRE Asset Services. \We are pleased by the confidence Equity Office has placed in our people and platform to deliver high quality performance for key, strategic assets in their portfolio..
The assignment comprises the management of 11 properties totaling 2.3 million sq. ft., the leasing of six Chicago properties totaling 1.4 million sq. ft. and the leasing of eight properties in Columbus, Ohio, totaling 966,200 sq. ft. Some of the notable properties in the portfolio include the Riverway Office complex and the OfHare International Center in Chicago.
“We are pleased to expand our relationship with CBRE in several markets. CBRE has a strong platform that will enable us to leverage our resources in an effective manner,. said Chris Hendricks, Managing Director, Equity Office.
The CBRE team for the Equity Office portfolio will be directed by John J. Ogburn, Senior Managing Director and Joseph Summers, Director.
Equity Office Properties.an affiliate of The Blackstone Group.has a portfolio consisting of approximately 70 million sq. ft. of Class A office space through the U.S., including signature properties in the nationfs leading gateway markets.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the worldfs largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and
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valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
Robert McGrath 212.984.8267 robert.mcgrath (at) cbre (dot) com