US ONCOLOGY HIRES REAL ESTATE COMPANY TO MANAGE 5 MILLION S.F. OF SPACE
By John Mugford
US Oncology Inc., the giant, nationwide cancer care company based in The Woodlands, Texas, recently hired Los Angeles-based CB Richard Ellis Group Inc. (NYSE: CBG) to provide an array of real estate services for its 5 million square foot portfolio.
As a result of the deal, CB Richard Ellis will handle transaction management, lease administration, lease auditing and other services for the cancer care company’s 476 sites, some of which are leased and some of which are owned.
According to a news release from CB Richard Ellis, the company is also “in the process of leveraging our entire platform to help them improve their real estate performance,” said CBRE Senior VP Matt Flaherty, who is in charge of the real estate team for US Oncology.
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