DALLAS (April 23, 2013) – SRS Real Estate Partners (SRS) and Cresa jointly announced today that an agreement has been signed to form a new company to perform lease administration services for office, industrial and retail clients. The new company will be known as SRS-Cresa Lease Administration, LLC (SRS-Cresa Lease Administration).
In April of 2012, SRS and Cresa entered into an exclusive partnership to serve the needs of industrial, office and retail clients of both companies. The arrangement allows 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. The formation of SRS-Cresa Lease Administration further deepens the alliance between SRS and Cresa and will combine the strengths of both teams to better serve lease administration clients across the country. Both the initial partnership, and the formation of SRS-Cresa Lease Administration, creates a seamless process and point of contact when addressing all real estate needs of the client.
SRS-Cresa Lease Administration will deliver a spectrum of lease administration services including critical date management, CAM audits, occupancy cost reconciliations, and full portfolio lease administration services. SRS-Cresa Lease Administration will continue to operate out of the currently established offices in Dallas and in Chicago.
“We have combined two highly successful and experienced lease administration teams who are well positioned to service clients across the U.S. and abroad,” said EVP and head coach, Steve Dawkins. “The newly formed company will leverage our knowledge base and ability to customize and deliver lease administration services to a wide variety of clients.”
“The SRS-Cresa Lease Administration partnership will allow us to provide a greater breadth of service to our clients,” commented Jim Leslie, CEO of Cresa. “Each company has been an industry leader in lease administration in its sector, and we will combine best practices to deliver world class service,” he added.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. 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. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
About Cresa
Cresa is an international 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, Corporate Solutions, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, Mission Critical Solutions, and Facilities Services. With more than 58 offices, Cresa is the largest 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 173 locations in 40 countries. For more information, visit www.cresa.com.
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