Los Angeles-based CBRE Group Inc. has announced the acquisition of the commercial real estate services businesses of Atlanta-based Resource Real Estate Partners LLC and TPA Realty Services LLC (RREP/TPA).
According to CBRE, approximately 70 RREP/TPA employees will be integrated into CBRE's Atlanta-area office. These professionals include office and industrial leasing and sales brokers, property managers, building engineers and support staff.
‘This transaction allows us to return to and focus more aggressively on our core principal business while ensuring that our clients and professionals benefit from the industry's best services platform,’ says Brad Smith, managing principal of RREP/TPA.