Orchard Management Services Awarded Management of Charcot Business Park.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 2, 1995--Orchard Management Services, AMO AMO - America's Multimedia Online , an Orchard Properties company and an Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Management Organization through IREM IREM Institute of Real Estate Management (Chicago, Illinois) IREM Institute of Real Estate Managers IREM Integrated Research, Evaluation, and System Analysis Model IREM Infra-Red Emission Microscopy , announced that The RREEF Funds has appointed the company as Property Manager of the Charcot Business Park, a 163,370 square foot R&D project located at O'Toole and Charcot Avenues in San Jose, Calif. The project is located within the master-planned San Jose Orchard Business Park and consists of four R&D/industrial buildings. Major tenants include Bryte Technologies, Enhance, Novtek, Spin Pro, Spinneret spin·ner·et n. 1. Any of various tubular structures from which spiders and certain insect larvae, such as silkworms, secrete the silk threads from which they form webs or cocoons. 2. , and Laser Logic. RREEF recently acquired the property from an Orchard-related entity, and selected Orchard Management Services to manage the property through competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. with other property management firms. In selecting Orchard Management Services as its Property Manager, Warren Otto, Vice President of The RREEF Funds, said "We believe Orchard is ideally suited to maximize this property's profitability over the next few years. They have a proven track record in managing properties for both their own account and others, and have all the systems in place to meet our demanding reporting requirements. We are also confident of Orchard's ability to keep abreast Verb 1. keep abreast - keep informed; "He kept up on his country's foreign policies" keep up, follow trace, follow - follow, discover, or ascertain the course of development of something; "We must follow closely the economic development is Cuba" ; "trace the of San Jose's rapidly-changing industrial market given their strong presence in that market. We are pleased with this new relationship." "We are excited about working with RREEF on this project and beginning what I believe to be the start of a very successful relationship," said Scott M. Pritchett, CPM, and President of Orchard Management Services, AMO. "Our respective operating philosophies intersect on several key elements which were critical to obtaining this account. First, we both believe in leasing property on an open listing basis with the management company in control. Secondly, we bring local market expertise and hands-on executive involvement to this project. We have made the promises, now we have to deliver in service," continued Pritchett, who oversees all management operations and client relations for the company's owned and fee-managed portfolio. Based in San Jose, Orchard Properties and Orchard Management Services, AMO provide services that include asset management, property management, leasing and marketing, development and construction management, facilities maintenance, acquisition and disposition services, and overall real estate consulting services. The company presently manages, predominantly for third party owners, approximately 7.2 million square feet of industrial, R&D, warehouse, and office projects in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . CONTACT: Orchard Management Services Valerie Howard, 408/922-0400 |
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