Wallace Properties Named One of Puget Sound's Top Brokerage Firms
June 16, 2009
BELLEVUE, WA – CoStar Group (NASDAQ:CSGP) has selected Wallace Properties, Inc. as a CoStar Power Broker Award winner, an annual award recognizing the "best of the best" in commercial real estate brokerage by spotlighting the U.S. firms and individual brokers who closed the highest transaction volume in commercial property sales or leases for the entire year in 2008.
Wallace Properties qualified as one of the top brokerage firms in the Puget Sound based on its total leasing and sale transactions closed during the year. In order to be selected for this honor, Wallace Properties was measured against commercial real estate brokerage firms active in its region by CoStar Group, the largest, independent research organization in commercial real estate, and subsequently ranked among the top firms in the market.
CoStar also named Wallace Properties’ Senior Retail Broker, Monica Wallace, as one of only 15 individual CoStar Retail Leasing Power Brokers in this market. Monica has been with Wallace Properties for nine years and has been the firm’s top producer for the past two years. This is her third year being named a CoStar Power Broker.
“We’re very pleased to receive this recognition from CoStar, an honor that is solely due to the hard work of some of the best brokers in the business – the sales and leasing team at Wallace Properties,” said Wallace Properties CEO Robert C. Wallace.
"CoStar Group is very proud to recognize the commercial real estate brokerage firms and individual brokers who truly excelled and achieved remarkable sales and leasing success in 2008
despite the difficult economic circumstances,” said CoStar Group President and CEO Andrew C. Florance. “We congratulate Wallace Properties on its impressive professional accomplishment.”
The complete list of 2008 CoStar Power Broker Award winners can be found at http://www.costar.com/PowerBrokers.
About Wallace Properties, Inc.
Serving Western Washington since 1977, Wallace Properties, Inc. offers a complete spectrum of real estate services, providing commercial leasing and sales, property management, and real estate acquisition, syndication, and development services all under one roof.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information/marketing services to commercial real estate professionals in the United States as well as the United Kingdom.
CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,300 people working for the company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.
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