CBRE’s Property Management business line has been awarded a significant portfolio by New York-based real estate co-investment firm, Group RMC.
The 34-building office and retail portfolio totals 3.38 million SF across the Kansas City metro area.
The assignment contains three Group RMC sub-portfolios; the largest component of the portfolio is Corporate Woods, a premiere office park in Overland Park, KS with amenities including wooded walking trails, a wide selection of cafés and restaurants and electric vehicle charging stations. The complete portfolio includes:
2,167,784 SF in 22 buildings in Corporate Woods, Overland Park, KS
806,864 SF along College Boulevard, Overland Park, KS
397,627 SF in South Kansas City along Ward Parkway
The CBRE Property Management team of Cori McLain and Melissa Gray will be overseeing the assignment.
“We are thrilled to have the opportunity to service these best-in-class assets. CBRE has a complete spectrum of integrated services and an enterprising team that will be able to institutionally maintain these properties for years to come,” McLain said.
Group RMC currently oversees over 16.3 million SF representing over $2 billion in asset value in the U.S., principally in the midwest.
“I am consistently amazed at the world-class outcomes our Property Management team delivers to clients and this assignment speaks to that demonstrated success,” said Mike Klamm, CBRE Kansas City’s managing director.
CBRE assumed management of the properties effective October 1, 2019.