{"id":1004151158,"date":"2016-08-30T00:09:37","date_gmt":"2016-08-30T08:09:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004151158"},"modified":"2020-04-15T23:44:01","modified_gmt":"2020-04-16T07:44:01","slug":"cresa-tapped-by-georgia-to-manage-state-owned-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cresa-tapped-by-georgia-to-manage-state-owned-portfolio\/","title":{"rendered":"Cresa Tapped by Georgia to Manage State-Owned Portfolio"},"content":{"rendered":"<p>By Scott Baltic, Contributing Editor<\/p>\n<div id=\"attachment_1004151159\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/CloteenJasmin.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004151159\" data-attachment-id=\"1004151159\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cresa-tapped-by-georgia-to-manage-state-owned-portfolio\/cloteenjasmin\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/CloteenJasmin.jpg\" data-orig-size=\"1000,630\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;4.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D3200&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1411879133&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;38&quot;,&quot;iso&quot;:&quot;1000&quot;,&quot;shutter_speed&quot;:&quot;0.016666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"CloteenJasmin\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/CloteenJasmin.jpg?w=1000\" class=\"wp-image-1004151159 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/CloteenJasmin.jpg\" alt=\"Cloteen Jasmin, Senior VP, Cresa\" width=\"300\" height=\"189\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/CloteenJasmin.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/CloteenJasmin.jpg?resize=300,189 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/CloteenJasmin.jpg?resize=768,484 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004151159\" class=\"wp-caption-text\">Cloteen Jasmin, Senior VP, Cresa<\/p><\/div>\n<p><strong>Atlanta<\/strong>\u2014Tenant-rep giant <a href=\"https:\/\/www.cresa.com\/\" target=\"_blank\" rel=\"nofollow\">Cresa<\/a> has been chosen by the <a href=\"https:\/\/gspc.georgia.gov\/\" target=\"_blank\" rel=\"nofollow\">Georgia State Properties Commission<\/a> as one of two CRE service providers for the State of Georgia, Cresa announced Friday. Cresa will provide a menu of services including strategic consulting, transaction management, project management, lease administration and workspace planning.<\/p>\n<p>\u201dAfter a competitive process, we selected Cresa to assist with our real estate needs in light of its expertise,\u201d SPC Deputy Executive Director Frank Smith said in a prepared statement. \u201cWe expect Cresa to be an excellent advocate for the State, given its pure tenant representation platform.\u201d<\/p>\n<p>One long-term factor behind the outsourcing was the passage in late 2012 of an amendment allowing the state to enter into multi-year lease agreements; till then, only one-year leases had been permitted. This change reportedly freed the SPC to take a more strategic approach to the state\u2019s real estate portfolio and to identifying opportunities to cut costs.<\/p>\n<p>(<em><a href=\"https:\/\/www.commercialsearch.com\/news\/\" target=\"_blank\">Commercial Property Executive<\/a><\/em> has since confirmed that Savills Studley is the other firm to get a slice of the State of Georgia\u2019s CRE business. The lead brokers are Corporate Managing Director Erik Weiss, Executive VP\/Market Leader Chris White and Senior Managing Director Michael Griffin.)<\/p>\n<p>Cresa\u2019s Georgia team will be led by Managing Principal Tom Tindall; Senior Vice President\u00a0Cloteen Jasmin, who managed corporate real estate for Georgia-Pacific; and Daniel Wagnon, a government real estate veteran with 12 years of experience in managing the State of Florida\u2019s real estate portfolio.<\/p>\n<p>Besides these three managers, three more brokers have been trained and \u201con the bench,\u201d ready to work as soon as they\u2019re needed, Jasmin told <em>CPE<\/em>.<\/p>\n<p>\u201cSince our firm is tenant-focused and service-oriented, rather than transaction-oriented, we will be providing a range of services that will advance SPC\u2019s goal of more effective management of the vast portfolio of real estate leases across the state,\u201d Tindall said in a prepared statement.<\/p>\n<p>\u201cThe experience gained from managing the State of Florida portfolio will be highly beneficial to quick implementation of industry best practices in asset, space and transaction management,\u201d Wagnon added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Boston-based company has been selected as one of two CRE service providers for the state of Georgia.<\/p>\n","protected":false},"author":882,"featured_media":1004151159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21784,21808,21742,21785],"tags":[],"class_list":["post-1004151158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-brokerage","category-featured","category-latest","category-property-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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