Koll Mgt. acquires Midwest Tishman entity.
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.
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|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|
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