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RiverRock Selected To Manage 3.2 MSF Office And Industrial Portfolio

 

RiverRock Real Estate Group, a West Coast-based commercial real estate management and leasing firm, announced that AEW Capital Management (AEW) has awarded it the management of a 3.2 MSF portfolio of office and industrial space in Southern California and Arizona.

In the past 12 months, RiverRock has grown its management portfolio by 9.1 MSF. With the addition of this contract, the company now manages more than 25 MSF of commercial space.

RiverRock took over property management, leasing oversight and engineering of 28 properties throughout Southern California and Arizona. The Arizona portion of the portfolio includes seven properties totaling 794,000 SF of office and multi-tenant industrial.

RiverRock will add approximately 30 employees who currently manage the properties. The company will be assuming regional offices in Santa Fe Springs, Rolling Hills, Upland, Riverside, and the San Gabriel Valley, as well as Phoenix.

“We are excited about this new opportunity with AEW,” said Steve Core, president of RiverRock Real Estate Group. “We have an excellent management team in place and we hope this assignment leads to future growth in new markets.”

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Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.