May 29, 2019
ATLANTA – Transwestern Commercial Services (TCS) today announces it has been selected to provide property management services on behalf of Sumitomo Corporation of Americas (SCOA) for its entire U.S. portfolio, including managing assets, valued at more than $800 million and totaling 3.1 million square feet of Class A office properties in five metropolitan markets. With a commitment to deliver best-in-class property management services and return on investment, TCS oversees the following assets:
- Atlanta Financial Center, a three-building, 914,774-square-foot office complex at 3353 Peachtree Road in Atlanta’s Financial District and the largest property SCOA has purchased to date.
- SPS Tower, a 31-story, 655,070-square-foot office tower at 333 S. Seventh St. in downtown Minneapolis.
203 N. LaSalle, a 27-floor, 625,221-square-foot office tower in Chicago’s Central Business District.
- Miami Tower, a 47-story, 619,084-square-foot office tower at 100 S.E. Second St. in Miami’s Central Business District.
- 450 B St., a 20-story, 283,786-square-foot office tower in San Diego’s Downtown Core District.
For the past six years, TCS has provided investment advisory services to SCOA including sourcing, property evaluations, operational assessments, and market assessments. TCS continues to serve in that capacity as SCOA seeks to further expand its U.S. portfolio and will provide asset services for new acquisitions in the 34 cities in which TCS operates.
“We are honored to oversee these prestigious assets and excited to grow our long-standing relationship with Sumitomo Corporation of Americas,” said Bruce Ford, TCS East Region President and relationship manager for SCOA. “Our client’s U.S. portfolio is expertly comprised of assets that help define the cities within which they are located, and our property management teams are equipped to enhance the value and sense of place each property provides.”
In addition to providing investment advisory and asset services, TCS is also the leasing agent for Atlanta Financial Center, 203 N. LaSalle, Miami Tower, and SPS Tower.
"As part of our account management strategy, we ensure that our asset services teams work in concert with leasing to create a cohesive tenant experience,” said Andi Lopez, TCS Senior Vice President and asset manager for SCOA. “Our unified approach allows us to maximize efficiencies and apply financial acumen at every level.”
ABOUT TRANSWESTERN COMMERCIAL SERVICES
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has
34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.
ABOUT SUMITOMO CORPORATION OF AMERICAS
Established in 1952 and headquartered in New York City, Sumitomo Corporation of Americas (SCOA) has eight offices in major U.S. cities. SCOA is the largest subsidiary of Sumitomo Corporation, one of the world's leading traders of goods and services. As an integrated business enterprise, the firm has emerged as a major organizer of multination projects, an expediter of ideas, an important international investor and financier, and a powerful force for distribution of products and global communications through a network of offices worldwide.
Sumitomo Corporation of Americas has almost 30 years of real estate investment and development experience in the U.S. With investments in commercial office buildings, multi-family communities, planned developments and single family homes, the Company maintains a diverse and balanced real estate portfolio. Throughout the years, SCOA has been an active investor in the commercial market, acquiring and selling properties in New York, San Francisco, Washington D.C., Los Angeles, Phoenix, Tempe and Miami. SCOA’s current office building investments include 450 B Street in San Diego, acquired in 2013, 203 North LaSalle in Chicago, acquired in 2014, Miami Tower and Atlanta Financial Center, acquired in 2016, and SPS Tower in Minneapolis, acquired in 2019.
Media Contact:
Typhanie Stewart
954.873.2204
typhanie@stir-communications.com
twmediarelations@transwestern.com
