CBRE Group, Inc. (NYSE: CBG) today announced that it has acquired Skye Group (Skye), a leading provider of retail project management, shopping center development and tenant coordination services in the U.S. and Canada. This acquisition enhances CBRE’s position in the retail market by bolstering its retail project management service offerings.
Based in Cleveland, Ohio, Skye is led by Bradley Sanders, who founded the firm in 2000. Its client list consists of prominent retail real estate investors including Simon, Howard Hughes, Westfield, LaSalle Investment Management, Vornado Realty Trust, New England Development, Ivanhoe Cambridge and Steiner & Associates, as well as brands such as Barneys New York.
“Skye has earned the reputation as a reliable and efficient solution for shopping center investors and occupiers,“ said Mark Fewin, Americas leader, Project Management Services, CBRE. “The firm’s ‘early stage’ work for clients in project management and large-scale construction will create new client service opportunities in the retail market.”
Mr. Sanders will lead CBRE’s retail project management business and report to Mr. Fewin. The business will operate as CBRE I Skye.
“Joining CBRE is an excellent fit for our business and our retail clients will benefit from CBRE’s breadth of occupier and investor solutions,” said Mr. Sanders. “I look forward to working with our new colleagues at CBRE to take our business and our ability to service our clients to an even higher level.”
Skye serves retail clients throughout North America.
“Adding Skye’s services to our client offerings reflects our strategy to strengthen our position in the retail real estate sector in the Americas and is a seamless fit with our robust retail service line platform,” said Anthony Buono, executive managing director, Retail Services, the Americas, CBRE