Assignment Includes 16 Properties throughout Washington DC Metropolitan Region
WASHINGTON, DC, November XX, 2017 – Cushman & Wakefield announced today that it has been selected by The RMR Group to lease 16 properties, totaling 1.25 million square feet in the Washington, DC metropolitan region. The properties will be represented by Cushman & Wakefield’s Agency Leasing team in the Washington, DC, Tysons Corner and Bethesda offices. The RMR portfolio is one of Cushman & Wakefield’s largest single-owner contracts signed this year.
“We are very excited about this opportunity to strengthen our existing relationship with The RMR Group,” said Peter Carroccio, Managing Principal. “Prime locations make these RMR-managed properties very desirable.”
Cushman & Wakefield will manage the leasing of Three Flint Hill and the two buildings at Prosperity Metro Plaza in Virginia; the seven buildings of Ammendale Commerce Center and four buildings of Metro Park North in Maryland; and 625 Indiana Avenue and 11 Dupont Circle in Washington, DC.
About RMR Group
The RMR Group Inc.is a holding company and substantially all of its business is conducted by its majority-owned subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that was founded in 1986 to invest in real estate and manage real estate related businesses. RMR’s business primarily consists of providing management services to five publicly owned real estate investment trusts, or REITs, and three real estate related operating companies. As of June 30, 2017, The RMR Group LLC had approximately $27.9 billion of total assets under management, including more than 1,400 properties, and employed over 475 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 53,000 employees.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.