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Nuveen RE Awards Cushman & Wakefield New 1.4 MSF Property Management Assignments

March 19, 2024

BostonCushman & Wakefield reported that the real estate services firm has been awarded a new property management assignment by Nuveen Real Estate for One Boston Place and 501 Boylston Street, totaling 1,415,003 square feet. In addition to the new assignments, Nuveen has also renewed C&W’s contract to provide management services at 99 High Street and the Fort Point Portfolio, which consists of an additional 1,042,503 square feet for a total of 2,457,506 square feet of assignments for its team. Since taking on the additional assignments, Cushman & Wakefield has hired 16 incumbent professionals from the One Boston Place and 501 Boylston Street management teams.

“We are thrilled to deepen our relationship with Cushman & Wakefield, as we work together to improve operational performance and streamline expenses, ultimately providing a better product for our tenants and enhanced returns for our stakeholders,” said Dave Dyer, Director with Nuveen Real Estate.

Cushman & Wakefield’s Bruce Clifford and James Russell will lead the Property Management teams at Nuveen’s properties.

“After being awarded the assignment of 99 High Street and the Fort Point Portfolio in 2021, we have been devoted to showing Nuveen the Cushman & Wakefield difference, which is a direct product of the onsite property management staff and engineers we dedicate to each building, and the limitless potential we tap into when these professionals are properly supported by the leadership team,” said Clifford. “We are looking forward to building off this momentum, carefully assessing the unique requirements for each property and positioning our local team to deliver cost and operating efficiencies, all while producing a meaningful and innovative tenant experience and the right onsite staffing model. We are grateful Nuveen has continued to trust Cushman & Wakefield to deliver brand consistency across their portfolio and are incredibly excited to add these premier Class A properties to our portfolio.”

One Boston Place, Boston MA