CBRE Group, Inc. has begun providing property management services to Equity Commonwealth for 15 properties in the New England area including 185 Asylum St.
The properties are part of a 41.2 million s/f property portfolio across the U.S. that CBRE is now managing. The engagement is one of the largest third-party property management assignments in the U.S. commercial real estate industry. CBRE is providing property management and other related services for 145 Equity Commonwealth-owned properties across 30 states and the District of Columbia.
"This prestigious assignment reflects the strength of our service offering, most notably our ability to deliver value across a broad, geographically diverse property portfolio," said 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," said John Greenwood, who will serve as CBRE's Strategic Accounts relationship manager, coordinating the delivery of services for Equity Commonwealth.
The Equity Commonwealth account team in New England is led by Mark Tassinari.