Houston, Texas

The Houston portfolio is comprised of 7 office buildings and 1 large industrial facility. This puts Colliers Property Management (Houston) at over 4.1-million square feet locally.

Colliers International announced today that it has been selected to provide management services for an 18-million square foot office and industrial portfolio in 11 major U.S. markets for Panattoni Development Company (PDC), a privately held, full service development company founded in 1986.

Colliers will provide management services to PDC in the following markets: Atlanta, Chicago, Dallas, Houston, Denver, Indianapolis, Memphis, Nashville, New Jersey, St. Louis and Tampa Bay. The assignment represents one-half of Panattoni’s 36 million square foot office and industrial portfolio in the United States, and brings Colliers’ total square feet under management for all clients to over 886 million square feet around the world.

"We convened a specific, experienced team to deploy our management services expertise and help PDC meet their immediate and long-term business objectives," said Roger Bilstad, Senior Vice President and a member of the national leadership team for Colliers Real Estate Management Services. "The solid working relationships across the Colliers team, spanning these 10 major markets, enhances the way we’ll support Panattoni’s needs in this critical assignment."

Dean Mueller, Executive Vice President of Colliers and also a member of its Real Estate Management Services national leadership team added, "A number of factors, including our experience managing large portfolios, our established relationship with Panattoni -- particularly the successful track record with our brokers -- and our cultural similarities all contributed to our selection."

Previously, PDC had handled the portfolio’s real estate management services internally. Panattoni is one of the country’s largest developers, and outsourcing this portfolio management to Colliers allows the company to more effectively focus on its core business. "Panattoni’s outsourcing of these services to Colliers gives them the ability to better focus on their most strategic asset management issues, and hone in on new investment and development opportunities in the marketplace," Mueller added.

During the last five years, PDC has averaged nearly 15 million square feet of development annually. PDC has developed and managed industrial, office and retail facilities in more than 175 markets. The firm is headquartered in Sacramento, CA, and maintains 35 offices throughout the United States, Canada and Europe.

About Colliers International

Colliers International is a global affiliate of independently owned and operated commercial real estate firms. The organization’s 11,048 employees span the world in approximately 293 offices in 61 countries. On a worldwide basis, Colliers manages 868 million square feet, with 2008 transactions valued at $73 billion and revenue in excess of $2 billion.

For over 50 years, Colliers International has provided real estate solutions to many of Houston’s leading corporations, institutions, and small businesses, making us the longest-standing full-service firm in the Greater Houston area. Our services include owner and tenant representation in leasing, acquisition, sale and financing for office, industrial, retail, multifamily, medical, investment, mixed-use development and land.

Contact Information Ashley Carter
Director of Marketing
713.830.2145
acarter@collierstexas.com

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