|United States Postal Service Awards CB Richard Ellis Group, Inc. Contract to Serve as Exclusive National Real Estate Services Provider|
LOS ANGELES, Jul 20, 2011 (BUSINESS WIRE) -- CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that the United States Postal Service (USPS) has awarded CB Richard Ellis a contract to serve as its exclusive provider of strategic corporate real estate solutions nationally. CB Richard Ellis will provide transaction management services for USPS, including leasing and disposition. USPS's portfolio consists of approximately 35,000 facilities, totaling over 300 million sq. ft.
Historically, USPS has worked with multiple real estate service providers, including CB Richard Ellis since 1997. The new contract with CB Richard Ellis enables USPS to consolidate these activities with one service provider.
CB Richard Ellis' Brian Murphy led the USPS pursuit team, partnering with the Washington, D.C.-based Public Institutions team as well as professionals in the Denver and New York markets. John Chichester will serve as the Alliance Director for the account.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at http://www.cbre.com.
SOURCE: CB Richard Ellis Group, Inc.
CB Richard Ellis Group, Inc.