Abbott Properties cited as top commercial broker
Abbott Properties of Warwick has been named a 2011 CoStar Power Broker by CoStar Group (NASDAQ: CSGP), commercial real estate’s leading independent research firm. This annual award recognizes distinguished professionals in commercial real estate brokerage by highlighting the achievements of 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.
Abbott qualified as one of the top commercial brokers in Providence/Warwick based on the total leasing/sale transactions they closed during the year.
Abbott’s significant lease transaction that closed in 2011 was 26,500 square feet of office space to Care New England (CNE) in Warwick located at 171 Service Place. The company also executed leases for Hampton/Wilbea Medical Equipment, Pomeranz/Safelite, Merriam/NE Airnail LLC, Pariseault Event Resource Group, Budlou/Cox Communications, Bogosian/ATL-American Tower, 123 Association, LLC First Bristol/Washington Trust.
“Considering the difficulties in the economy, we had a pretty good year,” says broker/owner Don Morash.
“CoStar Group is very proud to acknowledge the outstanding brokers who performed at the industry’s highest level to achieve remarkable sales and leasing success in 2011,” CoStar Group founder and CEO Andrew C. Florance said in a statement. “These top performers truly represent the best of the best in commercial real estate, and they deserve to be recognized for their proven deal-making abilities. We congratulate Abbott Properties on their impressive professional accomplishment.”
The complete list of 2011 CoStar Power Broker Awards winners can be found at www.CoStarPowerBrokers.com.