Coldwell Banker Commercial Intermountain Alaska Office Awarded State of Alaska Office Building Portfolio

Coldwell Banker Commercial Intermountain (CBCI) today announced that its Asset Services Division has been awarded the State of Alaska Office Building Portfolio in Anchorage, effectively making CBCI one of the largest commercial property management firms in Alaska.

“Managing the State of Alaska portfolio represents a significant addition to our Alaska portfolio, as well as the intermountain region for CBCI,” said newly appointed CBCI President and CEO, Lew Cramer. “The State of Alaska office buildings, combined with the Safeway Retail portfolio, awarded earlier this year, bring our total management portfolio in Alaska to more than 2 million square feet.”

Randy Owen, Managing Director of Asset Services, echoed his excitement for this new assignment in Alaska and for the Alaska team, headed up by Elisha Martin, Director of Asset Services in Anchorage.

“We are thrilled to have been entrusted by the State of Alaska to manage this important group of office buildings in the Anchorage area market,” said Owen. “The prestigious Atwood Office Tower is the second-tallest office building in Alaska and is a prominent definition to the Anchorage skyline. We intend to deliver superior management services and operational excellence to this important client.

One of the most sought-after office portfolios in the state, the 916,000-square-foot portfolio includes the Atwood Office Tower, a 20-story office building in downtown Anchorage, a 10-level parking garage, a 73,000-square-foot office building in Palmer, and a 100,000-square-foot Geologic Materials Center in Anchorage.

“After thorough review of a qualified pool, the State of Alaska selected Coldwell Banker Commercial Intermountain for property management services utilizing a competitive sealed proposal process,” said Alaska Department of Administration Acting Commissioner Curtis W. Thayer. “CBCI was awarded the final contract based on a number of criteria which include demonstrated depth of experience, assignment of key personnel and a commitment of essential resources for this contract.”

“A few years ago, the timing wouldn’t have been right for this,” Leasure said. “Now, the economy is on the upswing, and financing for a project like this can be considered and move forward.”

CBCI will continue to grow its management and brokerage operations in Alaska. Through its brokerage operations, CBCI is responsible for introducing exciting new retail tenants to the Anchorage market including Olive Garden Restaurants, PETCO, JC Penney and Bed, Bath & Beyond.