CBRE Group, Inc. and U.S. Equities Realty, LLC announced that the companies will combine their Chicago area operations.
U.S. Equities Realty leases and manages 17 million square feet of Chicago property, including the Willis Tower (formerly Sears Tower).
“With today’s announcement, we are re-defining excellence in Chicago real estate services,” said Chris Connelly, executive managing director, Chicago Region, CBRE.
“We’re bringing together two of Chicago’s most highly regarded and successful firms that share common values and a passion for outstanding client service. We are thrilled to have U.S. Equities join us, and we look forward to working with our new colleagues to enhance the services we offer our clients.”
Founded in 1978, U.S. Equities U.S. portfolio includes more than 500 properties across the office, retail, institutional, dormitory and residential sectors.
U.S. Equities principals Camille Julmy and Nancy Pacher will join as vice chairmen of CBRE Chicago; Katie Scott and Marty Stern will join CBRE as senior managing directors; and chairman Bob Wislow will serve as chairman of CBRE Chicago.
Under the terms of the agreement, CBRE has acquired U.S. Equities Realty’s U.S. operations.