Mid Atlantic Real Estate Journal — Property Management — July 12 - 25, 2013 — D
www.marejournal.com
P roperty M anagement
AST RUTHERFORD, NJ — Cushman & Wakefield, Inc.’s New Totaling 1.2 million square feet in New Jersey Cushman & Wakefield adds four new industrial property management assignments E
neering and Maintenance ser- vices, another newer initiative launched in New Jersey last year. “Our facility and property management services tradition- ally have provided engineer- ing services for institutional and corporate-owned office properties,” Carey explained. “The new program extends our ‘traditional’ level of repair and maintenance services on an adaptable basis for commercial real estate buildings that do not warrant full-time, on-site staff. Warehouse/distribution assets frequently fall into this category.” n
Jersey Corporate Occupier & Investor Services (CIS) team has added four new industrial property management assign- ments totaling approximately 1.2 million s/f in recent months. Under the guidance of Sam Collison, director, this regional growth responds to a targeted effort to grow the company’s industrial property manage- ment platform in key markets nationwide. “As a corporate initiative, Cushman & Wakefield selected NJ as one of three U.S. indus- trial hubs in which to strategi- cally expand its property man- agement focus,” noted Eileen Carey, CIS managing director in New Jersey and Connecticut. “Since Sam came on board last fall, we have effectively doubled our business in that sector and have a number of additional proposals out.” Among its newest projects, the East Rutherford-based team is providing property manage- ment for two additional James Campbell assets inMonroe, and South Brunswick; and a TIAA- CREF property in Teterboro. Its entire 2.5 million s/f industrial portfolio in NJ also includes clients such as Clarion, IIT and Tommy Hilfiger. “Cushman & Wakefield’s industrial platform combines a national approach with local ex- pertise,” said Victoria Knudson, national lead for the firm’s in- dustrial property management platform. “As such, we are able to provide seamless account services for owners with proper- ties in multiple markets. Our clients benefit fromCushman & Wakefield’s integrated services that address the entire asset lifecycle from due diligence, to brokerage and the eventual sale utilizing C&W’s capital markets group.” Collison added that the group’s proprietary approach provides additional distinction. Many of the team members came from the ownership side; Collison, himself, worked for both Liberty Property Trust and Prologis. “We manage our clients’ properties as if they were our own,” he said. “We look at the individual asset and the owner’s goals, and then develop an appropriate, customized strategy.” Additionally, the firm’s in- house construction practice provides full tenant build-out
implementation from start to finish. The corporate occupier and 2615 Rt 130, South Brunswick, NJ
services. Its project manage- ment group prepares budgets and schedules, and coordinates
investor services team’s intensi- fied focus on industrial product dovetails with its Mobile Engi-
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