by Shane Henson — July 27, 2011—CB Richard Ellis Group Inc. announced that the United States Postal Service (USPS) has awarded CB Richard Ellis a contract to serve as its exclusive provider of strategic corporate real estate solutions nationally. CB Richard Ellis will provide transaction management services for USPS, including leasing and disposition. USPS’s portfolio consists of approximately 35,000 facilities, totaling over 300 million sq. ft.
A Fortune 500 and S&P 500 company headquartered in Los Angeles, CB Richard Ellis is one of the world’s largest commercial real estate services firm. The company has approximately 31,000 employees, excluding affiliates, and serves real estate owners, investors and occupiers through more than 300 offices, excluding affiliates, worldwide.
Historically, USPS has worked with multiple real estate service providers, including CB Richard Ellis since 1997. The new contract with CB Richard Ellis enables USPS to consolidate these activities with one service provider.
