Colliers International To Manage 2.1 Million Square Foot GSA-Leased Property Portfolio
21 properties span the United States, house multiple government agencies
SEATTLE, Dec. 18, 2013 /PRNewswire-USNewswire/ -- Colliers International today announced that its Government Solutions group has been awarded the management contract for one of the largest Government Services Administration (GSA) leased property portfolios in the United States. Totalling more than two million square feet, the portfolio includes 21 assets across the country in major markets such as Washington, Denver, Dallas and Portland, Ore.
"We are proud to expand our government property management program with this significant win," says Kurt Stout, executive vice president of Colliers' Government Solutions national practice group. "Government-leased properties require a specialized approach when it comes to management, accounting practices, capital budgeting, tenant relations, engineering and security. We have established a robust portfolio management approach tailored to the unique needs of government-leased assets."
The properties house tenants from a variety of government agencies, including the Federal Bureau of Investigation, U.S. Army Corps of Engineers, Drug Enforcement Administration, Internal Revenue Service, and U.S. Citizenship and Immigration Services.
The portfolio is the largest for Colliers' Government Solutions, the industry's leading comprehensive services platform focused solely on government real estate. The Government Solutions platform consists of five integrated services, specifically focused on government real estate: leasing, investment sales, property management, appraisal and tax appeal.
The property management win is a collaborative effort between Colliers Government Solutions and Colliers Real Estate Management Services (REMS), a service line of Colliers International. Colliers REMS manages more than 330 million square feet across the nation and provides expert engineering, accounting and project management resources to the portfolio.
ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
SOURCE Colliers International