{"id":1004071668,"date":"2013-04-25T06:15:19","date_gmt":"2013-04-25T14:15:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004071668"},"modified":"2022-12-08T11:43:37","modified_gmt":"2022-12-08T19:43:37","slug":"srs-cresa-jv-to-create-new-lease-administration-co","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/","title":{"rendered":"SRS, Cresa JV to Create New Lease Administration Co."},"content":{"rendered":"

By Gail Kalinoski, Contributing Editor<\/em><\/p>\n

\"\"<\/a>

Steve Dawkins, of SRS<\/p><\/div>\n

One year after announcing a strategic alliance, SRS Real Estate Partners and Cresa have gone a step further and formed SRS-Cresa Lease Administration, a new company that will offer lease administration services for office, industrial and retail clients.<\/p>\n

\u201cWe have combined two highly successful and experienced lease administration teams who are well positioned to service clients across the U.S. and abroad,\u201d Steve Dawkins, SRS EVP and head coach, said in a news release.<\/p>\n

\u201cWe thought it made more sense to make that partnership stronger,\u201d Jim Leslie, Cresa CEO, told Commercial Property Executive.<\/em>\u201cWe are primary office and industrial and they have quite a bit of office and industrial as well. It turned out to have some terrific synergies and doubled the size of our respective lease administration parts.\u201d<\/p>\n

\"\"<\/a>

JIm Leslie, of Cresa<\/p><\/div>\n

The new company, which will operate out of established offices in Chicago and Dallas, will deepen the alliance between the two firms and combine the strengths of both teams to better serve their clients. Both the original alliance and new partnership allows Cresa to provide retail services to its office and industrial clients and provide SRS\u2019s retail clients office and industrial services. The exclusive partnership \u201ccreates a seamless process and point of contact when addressing all real estate needs of the client,\u201d according to a news release from the firms.<\/p>\n

Cresa is an international corporate real estate advisory firm that deals solely with tenants and SRS is the largest U.S. real estate company dedicated to retail services. Cresa, which is celebrating its 20th<\/sup> anniversary this year, has 58 offices in North America. Through its partnership with Savills, it also covers more than 200 locations in 40 countries. SRS has its headquarters in Dallas and more than 20 offices worldwide. The firm was started in 1986 by Roger Staubach and Chris Maguire, who remains as CEO and chairman of the board. While The Staubach Co. is now part of Jones Lang LaSalle, SRS Real Estate Partners remains independent.<\/p>\n

Leslie is very familiar with The Staubach Co. \u2013\u00a0 he was a founding member and shareholder who served in numerous capacities at the firm including president and COO. He told Commercial Property Executive<\/em> that both Cresa and SRS have employees who were part of \u201cthe Staubach heritage.\u201d Leslie said that connection played an important role in deciding to make the strategic alliance a partnership.<\/p>\n

\u201cThere are similar cultures,\u201d he said. \u201cWe know each other. We already trust each other very much.\u201d<\/p>\n

Leslie described both firms as having \u201centrepreneurial cultures\u201d and being client-centered even though they are large organizations.<\/p>\n

\u201cThat is something that has fueled our growth. It\u2019s not something we want to give up,\u201d he added.<\/p>\n

SRS \u2013Cresa Lease Administration will deliver a variety of lease administration services including critical date management, CAM audits, occupancy cost reconcilations and full portfolio lease administration services.<\/p>\n

One area where the partnership will be helpful to both firms\u2019 clients is mixed-use properties.<\/p>\n

\u201cWe\u2019re seeing more and more of that,\u201d Leslie added. \u201cIt\u2019s very complicated when it gets to a building that has several different leases. This will be a huge benefit for our clients and the owner-landlords as well.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

One year after announcing a strategic alliance, SRS Real Estate Partners and Cresa have gone a step further and formed SRS-Cresa Lease Administration, a new company that will offer lease administration services for office, industrial and retail clients.<\/p>\n","protected":false},"author":1068,"featured_media":1004071673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,1586,21742],"tags":[],"class_list":["post-1004071668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-dallas","category-latest"],"acf":[],"yoast_head":"\nSRS, Cresa JV to Create New Lease Administration Co. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SRS, Cresa JV to Create New Lease Administration Co.\" \/>\n<meta property=\"og:description\" content=\"One year after announcing a strategic alliance, SRS Real Estate Partners and Cresa have gone a step further and formed SRS-Cresa Lease Administration, a new company that will offer lease administration services for office, industrial and retail clients.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-25T14:15:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:43:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Steve_Dawkins.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"426\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"SRS, Cresa JV to Create New Lease Administration Co.\",\"datePublished\":\"2013-04-25T14:15:19+00:00\",\"dateModified\":\"2022-12-08T19:43:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/\"},\"wordCount\":556,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/Steve_Dawkins.jpg\",\"articleSection\":[\"Brokerage\",\"Chicago\",\"Dallas\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/\",\"name\":\"SRS, Cresa JV to Create New Lease Administration Co. - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/Steve_Dawkins.jpg\",\"datePublished\":\"2013-04-25T14:15:19+00:00\",\"dateModified\":\"2022-12-08T19:43:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/Steve_Dawkins.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/Steve_Dawkins.jpg\",\"width\":\"480\",\"height\":\"426\",\"caption\":\"Steve Dawkins, of SRS\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/srs-cresa-jv-to-create-new-lease-administration-co\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SRS, Cresa JV to Create New Lease Administration Co.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/gail-kalinoski\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SRS, Cresa JV to Create New Lease Administration Co. - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/","og_locale":"en_US","og_type":"article","og_title":"SRS, Cresa JV to Create New Lease Administration Co.","og_description":"One year after announcing a strategic alliance, SRS Real Estate Partners and Cresa have gone a step further and formed SRS-Cresa Lease Administration, a new company that will offer lease administration services for office, industrial and retail clients.","og_url":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-04-25T14:15:19+00:00","article_modified_time":"2022-12-08T19:43:37+00:00","og_image":[{"width":480,"height":426,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Steve_Dawkins.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/"},"author":{"name":"Gail Kalinoski","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"headline":"SRS, Cresa JV to Create New Lease Administration Co.","datePublished":"2013-04-25T14:15:19+00:00","dateModified":"2022-12-08T19:43:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/"},"wordCount":556,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Steve_Dawkins.jpg","articleSection":["Brokerage","Chicago","Dallas","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/","url":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/","name":"SRS, Cresa JV to Create New Lease Administration Co. - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Steve_Dawkins.jpg","datePublished":"2013-04-25T14:15:19+00:00","dateModified":"2022-12-08T19:43:37+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Steve_Dawkins.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Steve_Dawkins.jpg","width":"480","height":"426","caption":"Steve Dawkins, of SRS"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/srs-cresa-jv-to-create-new-lease-administration-co\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"SRS, Cresa JV to Create New Lease Administration Co."}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/Steve_Dawkins.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004071668"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071668\/revisions"}],"predecessor-version":[{"id":1004613645,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004071668\/revisions\/1004613645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004071673"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004071668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004071668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004071668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}