Richmond, August 24, 2018 –Colliers International, a full-service commercial real estate services firm, has been selected by Forest City Realty Trust to serve as its exclusive representative for 703,424 square feet of Class A office buildings located in the Richmond marketplace.
Chris Wallace, Senior Vice President & Director of Office Brokerage, and Andrew Ferguson, Senior Vice President of Colliers’ office leasing team, along with Tim Allison, National Executive Managing Director of Colliers’ Real Estate Management Services, and Jeff Compton, Director of Operations (REMS) will lead the entire Colliers leasing and management teams in the day-to-day lease negotiations and tenant/management issues formerly handled by the on-site owner team. This portfolio consists of 12 buildings located in the Northwest Quadrant submarket, the bulk of which are in the Glen Forest Office Park, plus the Edgeworth Building, a Class A office asset located downtown.
Daphne Berkowitz, Managing Director of Colliers International | Richmond, states “it is an extreme honor to be given the responsibility of such a legacy portfolio as Forest City in the local marketplace. The Colliers platform continues to bring new and exciting opportunities to our Richmond office.”
“We are confident that the Colliers team has the skills and resources to effectively and efficiently lease and manage our Richmond office portfolio,” said Keith Brandt, senior vice president, asset management and retail leasing for Forest City.
Forest City Realty Trust, Inc. is a NYSE-listed national real estate company with $8.0 billion in consolidated assets. Forest City is principally engaged in the ownership, development, management and acquisition of commercial, residential and mixed-use real estate in key urban markets in the United States.
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About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.
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For further information, please contact:
Director, Research & Communications
Colliers International | Richmond & Norfolk
Phone: 804 591 2439