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Transwestern adds more than 5 million square feet to Bay Area portfolio
SAN FRANCISCO – Transwestern has added more than five million square feet of properties under management in the San Francisco Bay area, boosting its total portfolio in the region to nearly nine million square feet. Recently, Westcore Properties, headquartered in San Diego, selected Transwestern to manage a portfolio of office, industrial and retail properties totaling more than 3.5 million square feet in areas including Marin County, downtown San Francisco, Silicon Valley and Sacramento.
“We are very pleased to reward Westcore’s faith in Transwestern by immediately impacting their bottom line. One of our first steps is benchmarking the buildings in the ENERGY STAR®ENERGY STAR program and implementing energy-efficiency measures that will lower operating costs,” said Transwestern senior vice president Carolyn Perrigo, who helped secure the Westcore Properties assignment.
Transwestern was also selected by USAA Real Estate Company, based in San Antonio, Texas, to provide lease administration and property management services for more than 1.6 million square feet of industrial space in Fairfield, in the northern Bay area. This portfolio consists of two large, single-tenant properties – 2600 Stanford Court (one million square feet) and 5159 Fermi Drive.
Managing senior vice president, Dave Rock, who leads property and facility management services for Transwestern’s West region, added, “We are delighted to have been chosen to work on these assets and to expand our relationship with USAA. Transwestern has a superior track record in sustainable building management – a vision that is shared by USAA. This commitment will continue to enhance the value of the properties, while we maintain exceptionally strong tenant relations.”
These two assignments come on the heels of another addition to Transwestern’s Bay area management portfolio, 123 Mission Street in San Francisco. Transwestern was awarded management of the 343,000 square foot, class “A" office building from Sumitomo Corporation of America as part of a nationwide office portfolio now managed by Transwestern.
More From 8/31/2011 on FacilitiesNet