Boston, MA

Colliers International announced today that it has been selected to provide management services for an 18-million square foot office and industrial portfolio in 10 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, 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 affiliation of independently owned commercial real estate firms. The organization's 12,700 employees span the world in 294 offices in 61 countries. On a worldwide basis, Colliers manages 1.1 billion square feet, and has revenue of $US 1.6 billion.

Contact Information

Roger Bilstad, CPM
Senior Vice President

Colliers International
1610 Arden Way, Suite 240
Sacramento, CA 95815

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