by Shane Henson — January 18, 2013—CBRE Group Inc., one of the world’s largest commercial real estate services firms, has just become larger through the acquisition of the commercial real estate services businesses of Atlanta-based Resource Real Estate Partners, LLC and TPA Realty Services, LLC (RREP/TPA).
According to CBRE Group, this acquisition will add more than 13 million square feet of office and industrial assets to CBRE’s Atlanta property management portfolio, as well as key leasing and investment sales professionals who serve clients throughout the region. The development operations of RREP/TPA were not included in the acquisition.
“This transaction nicely complements our capabilities in Atlanta and further strengthens our market-leading position in the region,” said John Ferguson, executive managing director for CBRE’s Southeast Region. “In particular, through this acquisition, we have significantly enhanced our service offerings in the northeast Atlanta submarket, where we see opportunities to drive even further growth.”
The approximately 70 employees from the RREP/TPA businesses will be integrated into CBRE’s existing offices in the Atlanta region. These professionals include office and industrial leasing and sales brokers, property managers, building engineers and support staff.
