CBRE Group has acquired American company Sitehawk Retail Real Estate.
The real estate services firm in Indianapolis, Indiana helps retailers plan and execute their real estate strategies on a local and regional basis, alongside providing leasing and management services for retail property investors.
Clients include Costco, Ross Dress For Less, Hobby Lobby, JCPenney, Gap, LA Fitness and Darden Restaurants.
The firm is led by principals Larry Davis, Steve Delaney, Scott Gray and Mark Perlstein, who will join CBRE in regional retail leadership roles.
Cal Frese, chief executive officer, Americas, for CBRE said: “Sitehawk’s strong relationships and extensive market knowledge will greatly add to our expertise in the Midwest region and help us to build further advantage for our clients.”
The acquisition of Sitehawk follows CBRE’s acquisitions of two other retail real estate service companies: Dallas-based United Commercial Realty in January 2015 and Philadelphia-based Fameco in September 2013.
