CBRE Boosts Retail Presence with Skye Group Buy

By Laura Calugar

The Oswald Centre in Cleveland is the home base of Skye Group, a retail project manager that is now part of CBRE’s retail service offerings.

Cleveland—CBRE Group Inc. recently announced the acquisition of Skye Group, a provider of retail project management, shopping center development and tenant coordination services in the U.S. and Canada. This acquisition enhances CBRE’s position in the retail market by boosting its retail project management service offerings. Terms of the deal were not disclosed.

Based in the Oswald Centre on 1100 Superior Ave., in Cleveland, Skye is a local consulting firm founded in 2000. Its client list consists of retail real estate investors such as Simon, JLL, Howard Hughes, Westfield, LaSalle Investment Management, Vornado Realty Trust, New England Development, Ivanhoe Cambridge, Forest City, Westfield and Steiner & Associates, as well as brands such as Barneys New York.

“Joining CBRE is an excellent fit for our business and our retail clients will benefit from CBRE’s breadth of occupier and investor solutions. I look forward to working with our new colleagues at CBRE to take our business and our ability to service our clients to an even higher level,” said Bradley Sanders, president of Skye Group, in prepared remarks.

With more than 25 years of development industry experience, Sanders has managed the retail development process for 300-plus of the company’s projects in North America. He will lead CBRE’s retail project management business and report to Mark Fewin from CBRE’s project management services. The business will be known as CBRE | Skye.

“Skye has earned the reputation as a reliable and efficient solution for shopping center investors and occupiers,” said Fewin. “The firm’s ‘early stage’ work for clients in project management and large-scale construction will create new client service opportunities in the retail market.”

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