United Commercial Realty
United Commercial Realty and Prizm Partners Merge12.12.2008- UCR Dallas Press Release
Dallas-based United Commercial Realty (UCR) and Prizm Partners have merged to position the retail real estate firm as a leading third-party provider of integrated, comprehensive asset management, property management and leasing services. The firm will continue to operate under the UCR name, which currently provides advisory, project leasing, property management, asset management and other real estate services to clients in eight states with a portfolio in excess of 30 million square feet.
“Clients value and more frequently require integrated, comprehensive asset management, property management and leasing services, and this is particularly prevalent today as lending institutions and investors are inheriting increasing numbers of returned assets and need an objective partner to manage, lease and dispose of them,” said Mickey Ashmore, CEO of United Commercial Realty. “Prizm is well known for their critical understanding of positioning and managing a property to achieve its full potential today as well as their forward-thinking vision of evolving assets to capture the next wave of product and consumer shopping trends.”
Scott Weaver, former CEO of Prizm Partners, joins UCR as president of the firm’s newly formed UCR Asset Services division and will direct client services, asset management and strategy.
“UCR and Prizm have held a joint venture relationship for almost 10 years, which is why our joining forces and creating synergies was a logical and progressive decision for both firms,” said Weaver. “As asset managers, we develop and execute sound property strategies for our clients that will enhance UCR’s already strong project leasing and advisory services.”
UCR Asset Services will retain Prizm’s employees and its regional offices in Illinois and California.
Current UCR Asset Services clients include Prudential Real Estate Investors, The State Teacher Retirement System of Ohio, U.S. Advisors, Archon Group, Corrigan Properties Inc. and Capmark Finance.
About United Commercial Realty
Founded in 1988, United Commercial Realty (UCR) is the preeminent and influential retail real estate brokerage firm in Texas. From our beginnings in the Dallas/Fort Worth market, we have significantly expanded our reach, first to Austin and San Antonio, and then to the rest of the United States through our partnership with ChainLinks Retail Advisors. To date, we represent more than 100 of the most prominent national and local retailers and more than 30 million square feet of shopping centers. We offer retail professionals who specialize only in retail real estate services, including retailer representation, property leasing, surplus property disposition, development and advisory services, asset and property management and mixed-use retail advisory. It is through this in-depth industry expertise that we are able to consistently execute retail strategies designed to deliver exceptional results. For more information about UCR, please visit www.ucrrealty.com.
About Prizm Partners
Founded in 1995, Prizm Partners is a leading provider of comprehensive retail real estate services to shopping center owners, investors and developers across the United States. Head quartered in Dallas, Texas, Prizm Partners provides clients with a broad array of technical real estate skills covering asset and property management, analysis and strategic planning, financial management and property accounting, and construction management.