WALLACE PROPERTIES HONORED WITH 2011 COSTAR POWER BROKER AWARD
March 7, 2012
Bellevue, WA. – March 7, 2012 – Wallace Properties has been selected by CoStar Group (NASDAQ: CSGP), commercial real estate’s leading independent research firm, to receive a CoStar Power Broker Award. This annual award recognizes the “best of the best” in commercial real estate brokerage by highlighting the U.S. firms and individual brokers who closed the highest transaction volumes in commercial property sales or leases for the entire year of 2011 in their respective markets.
As the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to identify the top firms and brokers in each market throughout the U.S. All awards are based on transaction data maintained in CoStar's commercial real estate database, which is the largest independently researched database of commercial real estate property information available online.
Wallace Properties qualified as one of the top commercial brokerage firms in the Seattle/Puget Sound based on total leasing transactions closed during the year. In order to be selected for this honor, Wallace Properties was evaluated against other commercial real estate brokerage firms active in its region by CoStar Group, and subsequently ranked among the top firms in the market.
Wallace Properties’ significant transactions that closed in 2011 included Lakeside at Canyon Park with 55,132 SF leased; Covington Center with 28,850 SF leased to Big Lots; Bel-Red Retail Center with 10,021 SF lease to Habitat For Humanity; and 11040 Main St with 7,047 SF leased.
“We are excited to have been named as one of the 2011 CoStar Power Brokerage firms. Also very proud of John Booth and Monica Wallace who were both named as individual CoStar Power Brokers for 2011. Great job!” said Scott Blakenship, President of Brokerage Services.
“CoStar Group is very proud to recognize the preeminent brokerage firms and brokers who performed at the industry’s highest level by achieving remarkable sales and leasing success in 2011,” said CoStar Group Founder and CEO Andrew C. Florance. “These top performers truly represent the best of the best in the industry, and they deserve to be recognized for their proven deal-making abilities. We congratulate Wallace Properties on this impressive professional accomplishment.”
The complete list of 2011 CoStar Power Broker Awards winners can be found at www.CoStarPowerBrokers.com.
About CoStar Group, Inc.
CoStar Group (Nasdaq: CSGP) is commercial real estate's leading provider of information and analytic services. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 1,500 worldwide, including the industry's largest professional research organization. For more information, visit www.costar.com.
About Wallace Properties, Inc.
Based in Bellevue, Washington, Wallace Properties, Inc. is a full-service commercial real estate firm that seeks to provide the highest quality in development, sales, leasing and property management services. By employing a team approach, which utilizes the specialized expertise of each team member, the company provides effective solutions to meet the continually changing real estate environment. As a result of its long standing professionalism and commitment to the community, Wallace Properties has earned its reputation as an institution of trust and integrity.
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