SEATTLE – August 1, 2017 – CBRE announced today it has won the property management assignment for 1918 8th Avenue and 818 Stewart Street, a 977,450-square-foot portfolio encompassing two Class A office buildings located in Seattle, Washington. The assets are owned by institutional investors advised by J.P. Morgan Asset Management.“We are pleased to be able to expand our relationship with J.P. Morgan Asset Management to include Asset Services, in addition to the Property Leasing by our existing team,” says Beth Halvorsen, Managing Director of Asset Services for CBRE. “Our Asset Services team is now managing over 40 million square feet of space within the Seattle market”.
CBRE will also provide engineering, project management and accounting services through its Asset Services Real Estate Accounting Services (REAS) group, which offers world-class accounting and financial reporting solutions customized to meet each client’s sophisticated accounting needs.
“CBRE’s appointment as property manager at Seattle’s 1918 8th Avenue and 818 Stewart Street will help ensure that tenants continue to enjoy the highest level of building operations and services, along with the assets’ highly efficient floor plates and abundant amenities including conference and training facilities, unobstructed water views, concierge services, and easy access, within two blocks of Link Light Rail, SLU streetcar and over 40 bus lines,” said Michael Yoo, Executive Director, Real Estate Americas at J.P. Morgan Asset Management.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than $120 billion in assets under management and over 800 professionals (as of December 31, 2016), we offer strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from 23 offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information: www.jpmorganassetmanagement.com.