RiverRock Expands Southern California Reach with More than 2M Square Foot Contract
- Jan 28, 2010
January 29, 2010
By Allison Landa, News Editor
Commercial real estate services firm RiverRock Real Estate Group credits a client-centric approach, asset management platform and strong track record of managing industrial property for institutional-grade clients for winning Denver-based DCT Industrial Trust’s Southern California portfolio.
The portfolio, which totals 2,465,560 square feet and 16 properties, gives the Santa Ana, Calif.-based firm a stronger foothold in the industrial sector as well as in terms of institutional clients. Since its inception in 2003, RiverRock has continued to build a presence within the industrial, office, and retail sectors, with the DCT portfolio bringing its industrial holdings to 5.2 million square feet along with as a total asset management portfolio in excess of 13 million square feet.
“We work directly with ownership to develop customized management strategies based on customer service, tenant retention and cost controls to preserve capital and maximize cash flow,” RiverRock president and founder John Combs told CPE. “In this economic environment in particular, it is important that owners partner with experienced managers who understand cost containment, while still proactively managing the asset and driving maximum value.”
The DCT portfolio includes properties throughout Los Angeles, Orange and San Diego counties plus the Inland Empire. RiverRock’s six Southern California offices will oversee the properties.
“By having our senior management team actively involved in the strategy, management and daily operations of the portfolio, we are able to drive additional value of the asset for ownership,” Combs added in a statement.