Printer Friendly

Koll Mgt. acquires Midwest Tishman entity.

Koll Management Services (KMS). the real estate property and asset management company, has acquired the property management and leasing portfolio of Tishman Management and Leasing Services Corporation, a dba of Tishman Midwest Management.

The transaction marks the property management giant's entry into the New York marketplace and expands its presence in Chicago, Atlanta, Florida and Virginia.

This acquisition brings the Koll Management Services portfolio to more than 70 million square feet of space with a roster of over 10,000 tenants in 26 markets nationwide.

William D. Fugazy, Jr., formerly president of Tishman Management & Leasing Corp., New York, was named Regional President for New York, Atlanta and Virginia. In the New York region the operation will be known as Koll/Tishman Management Services, Inc. The announcement was made by William Rothe, president of KMS.

The Tishman portfolio includes properties in New York, Chicago, Florida, Georgia, Virginia and California.

KMS Executive Vice President Glen Raiger negotiated the transaction.

In 1991 Koll formed a joint venture partnership with CC&F Asset Management Corporation in Boston. According to Rothe, this gave Koll its first East Coast presence.

In markets outside the Greater New York area, existing or new KMS offices will assume management of the Tishman-managed properties.

Koll Management Services is the only publicly traded (NASDAQ) firm of its kind. Its portfolio includes office buildings, business and industrial parks, and retail and corporate facilities. For the second consecutive year, KMS has been ranked second on Forbes magazine's list of the 200 best small U.S. firms.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Koll Management Services Inc. acquires property management and leasing portfolio company from Tishman Midwest Management Corp.
Publication:Real Estate Weekly
Date:Apr 21, 1993
Previous Article:Lansco brokers major retail deal.
Next Article:Kreisler Borg receives Home Builders award.

Related Articles
Major new lease on LI.
KOLL leases up East Meadow building.
CB Commercial and Koll sign letter of intent to combine.
Staking a claim against formidable opposition.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters