ATLANTA – Cresa, North America’s largest commercial real estate firm exclusively representing tenants, announced last week that it has formed a strategic partnership with SRS Real Estate Partners (SRS). SRS is the largest national real estate company in the country exclusively dedicated to retail services. This arrangement will allow Cresa to provide retail services to its office and industrial clients, and provide SRS’s retail clients with experience in the office and industrial sectors.
SRS was founded by Chris Maguire in 1986 as Staubach Retail Services. In 2008, after Staubach was acquired by Jones Lang LaSalle (JLL), the retail group was spun out as a separate company. SRS currently supports five multifaceted retail-specific service areas: brokerage services, corporate services, development services, investment services, and management services. These offerings can be used together or separately to create innovative, customized solutions at the local, regional, national and international levels.
“Since the merger, we have been referring office and industrial business mainly to former Staubach colleagues at JLL and it became apparent to us that we needed a more structured agreement,” said Chris Maguire, CEO and Chairman of the Board of SRS. He added, “We talked to a number of firms. We liked it that Cresa was tenant-rep only and had 55 offices around the country. And they were willing to do what was critical to us—sign an exclusive arrangement.”
“This alliance is an excellent fit, because both SRS and Cresa are built upon a platform that emphasizes ethics and integrity,” said Jim Leslie, newly announced CEO of Cresa. Leslie added, “It will make us both more effective, as we can now provide seamless execution and services along all the different product lines.”
Cresa Atlanta Managing Principal, Jim Byrd, added, “We are especially fortunate in Atlanta to forge this partnership for our clients, since SRS is a well-known player in the local retail market, under the expert leadership of Ray Uttenhove.”
“We are thrilled to partner with our good friends at Cresa Atlanta”, said Ray Uttenhove, Executive Vice President & Market Leader. “This alliance will allow the two companies to capitalize on the frequent crossover between the office and industrial sectors and the retail segment. Through collaboration with our peers at Cresa Atlanta, we now offer our clients a broader platform of services, while maintaining our individual account management relationship with them.”
About SRS Real Estate Partners
SRS Real Estate Partners (SRS) is the largest national real estate company in the country exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices nationwide, SRS’ strong presence across the country provides the company with unparalleled local knowledge on a national platform. As a result, clients of SRS have a competitive edge through a full range of offerings including Brokerage Services with an emphasis in tenant representation, urban, land and landlord representation; Corporate Services with an emphasis in lease administration, lease renewal/restructuring, portfolio disposition and strategic advisory services; Development Services with an emphasis in preferred and build-to-suit development; Investment Services with an emphasis in investment sales, sale/leasebacks and acquisitions; and Management Services with an emphasis in asset/property management and leasing management. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. For more information, please visit srsre.com.
About Cresa
Cresa is a corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain and Facilities Management. With more than 55 offices, Cresa is the largest exclusive tenant representation firm in North America. Through its partnership with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.