Nuveen Real Estate Awards Cushman & Wakefield New 1.4 MSF Property Management Assignment at One Boston Place and 501 Boylston Street
02 Abril 2024 - 10:00AM
Business Wire
Contracts Also Renewed at 99 High Street and Across Nuveen’s
Fort Point Portfolio, Equating to Nearly 2.5 MSF for Cushman &
Wakefield’s Property Management Team
Cushman & Wakefield announced today that the real estate
services firm has been awarded a new commercial property management
assignment by Nuveen Real Estate for One Boston Place and 501
Boylston Street, totaling 1,415,003 square feet. In addition to the
new assignments, Nuveen has also renewed Cushman & Wakefield’s
contract to provide property management services at 99 High Street
and the Fort Point Portfolio, which consists of an additional
1,042,503 square feet for a grand total of 2,457,506 square feet of
assignments for the firm’s Property Management team. As part of the
transition, Cushman & Wakefield has hired 16 incumbent
professionals from the One Boston Place and 501 Boylston Street
management teams.
“We are thrilled to deepen our relationship with Cushman &
Wakefield, as we work together to improve operational performance
and streamline expenses, ultimately providing a better product for
our tenants and enhanced returns for our stakeholders,” said Dave
Dyer, Director with Nuveen Real Estate.
Cushman & Wakefield’s Bruce Clifford and James Russell will
lead the Property Management teams at Nuveen’s properties.
“After being awarded the assignment of 99 High Street and the
Fort Point Portfolio in 2021, we have been devoted to showing
Nuveen the Cushman & Wakefield difference, which is a direct
product of the onsite property management staff and engineers we
dedicate to each building and the limitless potential we tap into
when these professionals are properly supported by the leadership
team,” said Clifford. “We are looking forward to building off this
momentum, carefully assessing the unique requirements for each
property and positioning our local team to deliver cost and
operating efficiencies, all while producing a meaningful and
innovative tenant experience and the right onsite staffing model.
We are grateful Nuveen has continued to trust Cushman &
Wakefield to deliver brand consistency across their portfolio and
are incredibly excited to add these premier Class A properties to
our portfolio.”
Cushman & Wakefield’s Boston-based Property Management team
offers comprehensive services specifically tailored at each
property to meet client goals. By engaging the right resources and
experts and aligning them to client objectives, the team delivers
optimal solutions that produce real results.
Cushman & Wakefield is ranked as the #2 Property Management
firm in the country with more than 5 billion square feet under
management in the United States, according to the latest annual
ranking from Commercial Property Executive, a real estate news
source.
Photos of the property can be downloaded here.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global
commercial real estate services firm for property owners and
occupiers with approximately 52,000 employees in nearly 400 offices
and 60 countries. In 2023, the firm reported revenue of $9.5
billion across its core services of property, facilities and
project management, leasing, capital markets, and valuation and
other services. It also receives numerous industry and business
accolades for its award-winning culture and commitment to
Diversity, Equity and Inclusion (DEI), sustainability and more. For
additional information, visit www.cushmanwakefield.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240326820435/en/
Jayden Lapin-Tatman Communications Manager, Northeast
Region 212-841-5052 Jayden.LapinTatman@cushwake.com
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