JACKSON CROSS MANAGEMENT SERVICES CHOSEN BY GENERAL INVESTMENT AND DEVELOPMENT COMPANIES
Boothwyn, PA - May 20, 2010 - Jackson Cross Management Services today announced they have been chosen by GID Investment Advisers LLC (GID) to manage six buildings that total 215,668 square feet at Naaman’s Creek Center. Naaman’s Creek is a 125-acre business park located on Route 322, just three miles west of I-95 in Upper Chichester Township, Delaware County, PA.
“We are very proud to be chosen for this assignment,” said Larry Zipf, President of Jackson Cross Management Services. “While we currently manage more than eleven million square feet of commercial real estate, this assignment will allow us to showcase our property management platform for the office and flex property type. GID is an experienced and respected institutional owner, and this relationship is very important to us and our company.”
“We were looking for a property management firm that has strong local relationships, local market knowledge, the ability to deliver superior services, and a commitment to provide our tenants with world-class service,” said Rich Sullivan, Vice President of GID Investment Advisers. “With Jackson Cross Management Services we believe we have found a firm with all of those qualities.”
“We welcomed the opportunity to present our credentials to GID and are honored to have been chosen,” noted Eric Gorman of Jackson Cross Partners. “Over the years we have successfully placed clients at Naaman’s Creek Center. We currently represent GID in their leasing efforts at Naaman’s Creek and are confident that working as a leasing and management team we will be able to increase tenant satisfaction by improving the overall level of service to the tenants,” concluded Gorman.”
GID’s portfolio of business parks consists of 5.1 million square feet of office, flex and industrial space in seventeen business parks located in eight states. GID also owns 1 million square feet of suburban office property and over 12,000 apartment homes spanning 12 states. GID participates with the DuPont Pension Fund, CalPERS, the State of Oregon Pension Fund and CalSTRS in co-investment joint ventures for the acquisition of flex and office commercial properties and multi-family apartment properties. GID was founded in 1960 and is a privately held organization. GID’s philosophy is that well-maintained properties with exemplary responsiveness and customer service through intensive management will provide a desirable location for businesses.
Jackson Cross Management Services was established in 2007, when Jackson Cross Partners joined forces with Fameco Management Services, one of the pre-eminent property management firms in the region to form the firm. The synergies created by this affiliation complement the core competencies of the two firms, further augment our delivery platform and provide even greater benefits to our clients.
Every year Jackson Cross Management Services prepares over 1,000 financial reports associated with the management of more than eleven million square feet including almost 900 tenants, the collection of $50 million in rent, and the payment of $46 million in expenses. Assets currently under management exceed a market value of $2 billion.