Bixby Land Selects Cushman & Wakefield to Manage 3.5M SF Portfolio
23 Jul, 2007, Los Angeles, CA
The firm will manage 37 properties throughout Southern California
Bixby Land Company has awarded Cushman & Wakefield a property management contract for its portfolio of 37 office, industrial and retail use properties totaling 3,440,827 square feet, with locations throughout Los Angeles and Orange Counties, San Diego and the Inland Empire which encompasses their Southern California portfolio, not inclusive of Northern California or Arizona properties.
Cindy Burger, a Director with Cushman & Wakefield’s Client Solutions group, will be managing the portfolio. Cindy Osmundson, named Portfolio Manager, will be supervising the office part of the portfolio.
The portfolio consists of 1.6 million square feet of industrial, 600,000 square feet of retail and 1.3 million square feet of office space. The office properties include buildings in highly desirable submarkets in Newport Beach, Irvine and Seal Beach. Industrial space comprises of buildings in the Inland Empire ranging from 20,000 to 400,000 square feet. Most of the retail-use properties are located in Long Beach.
Berkeley Davis, Director of Property Management, Bixby Land Company, said: “Cushman & Wakefield offered an impressive team to manage our portfolio. They were helpful in our due diligence process during the recent Bixby Land Company acquisition of five Orange County office projects, and demonstrated a professional and proactive approach towards property management of our Southern California portfolio.”
“We are excited to have been awarded the assignment - this is the beginning of a great relationship,” says Mary Marx, Managing Director with Cushman & Wakefield’s Client Solutions group. “Cindy Burger and her team have a tremendous wealth of expertise in property management and they will be an invaluable asset for our client.” Ms. Marx has more than 20 million square feet of property management assignments under her supervision in Southern California.
About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 201 offices in 55 countries around the globe, and 12,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-213-955-5100, or visit the firm’s Web site at www.cushmanwakefield.com.
About Bixby Land Company
A private REIT, Bixby Land Company is an active real estate investment and development firm with a portfolio of more than 50 properties. The firm was founded in 1896 with land that would later become the City of Long Beach and several surrounding cities. Over the next 100-plus years it progressed from ranching to commercial real estate development, establishing Bixby Land Company's place as a pioneer in California's real estate development history. For additional information, visit www.bixbyland.com.
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