Cushman & Wakefield today announced it has been awarded a 9.0 million square foot industrial property management by IndCor Properties. The contract involves management of industrial properties in Southern California including San Diego, Irvine, Inland Empire and Orange County. This latest assignment adds to Cushman & Wakefield's existing management contract involving 3.5 million square feet of IndCor's industrial properties in five Chicago submarkets including O'Hare and the I-55 and I-80 corridors.
"We are delighted that IndCor continues to recognize Cushman & Wakefield's capabilities in the delivery of industrial property management and leasing services," said John C. Santora, President & CEO of Cushman & Wakefield's Corporate Occupier &Investor Services group. "This new contract reflects our commitment to provide the very best top talent, consistent great service and drive meaningful results for our clients."
Cushman & Wakefield's Industrial Property Management Portfolio has grown by 18 million square feet in the past three months to 121 million square feet. Collectively, the company manages more than 17,688 properties totaling more than 905 million square feet of commercial space worldwide, including property management, facilities management services.
Cushman & Wakefield's National Industrial Property Management team is led by Victoria Knudson and supported by two regional practice leaders, Mark Stevens in the Western US and Sam Collison in the Eastern US.
About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held
commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world's major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries and more than 15,000 employees. It offers a complete range of services for all property types, fully-integrated on a global basis, including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management,consulting and appraisal. The firm has more than $3.7 billion in assets under management through its wholly-owned subsidiary Cushman & Wakefield Investors. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.
IndCor Properties, Inc. (IndCor) is one of the premier real estate companies in the United States focusing on the ownership and management of industrial properties. As a comprehensive real estate operator, IndCor currently owns and manages over 86 million square feet located in 40 key logistics markets in 24 states. IndCor is headquartered in Chicago, Illinois.
IndCor was formed in 2010 as a portfolio company of The Blackstone Group, one of the world's largest alternative asset managers and advisory firms. To learn more,visit www.indcor.com.