FHO Partners Announces New Asset Advisory Group
Industry Veteran, Glenn Verrette to Head up New Division
Boston, MA, May 17, 2007: FHO Partners, a leader in the commercial real estate advisory services field, announced today that they will establish a new division entitled “Asset Advisory Group.” The new group will be spearheaded by industry veteran Glenn Verrette, formerly of Equity Office Properties Trust, an affiliate of the Blackstone Group. Verrette will become a partner at FHO Partners.
FHO’s “Asset Advisory Group” will focus solely on representing owners of commercial real estate. All of the group’s efforts will be put behind project leasing, marketing, and developing the best market strategies for landlords and property owners to secure the most qualified tenants for their properties.
FHO’s Asset Advisory Group will now have a separate team completely dedicated to serving the interests of owners, equipped with the necessary skills required to provide state-of–the-art leasing services, as well as the expert tenant sourcing that goes along with representing this segment of the market. “I am extremely pleased to lead the Asset Advisory Group at FHO Partners. My experience representing owners, combined with a daily passion and focus for property leasing, will be invaluable for owners and landlords,” stated Glenn Verrette.
Verrette will bring to FHO Partners a very significant assignment in representing 28 State Street, a 40-story, 570,000 square foot Class A office tower. His first Bosto project at Equity Office Properties was the highly successful redevelopment of thisproperty, which re-opened to unanimous acclaim in 1997 by the Boston Business Community. Verrette and his team at FHO Partners will represent Equity Office, owner of 28 State Street, as well as seek out new major property assignments in Greater Boston.
“We are very excited to have Glenn join FHO Partners,” stated Joe Fallon, managing director of the firm. “Most importantly, Glenn is a team player. He brings an impressive amount of experience, not only in commercial real estate but in his ability to build and maintain valuable relationships. The addition of Glenn and his new group will be a true asset to FHO Partners.”
Verrette, who had the distinction of being Equity Office Properties’ first Boston employee in 1995, most recently served as the co-head of their Boston office, responsible for the financial and overall performance of Equity Office’s 12-million-square-foot Greater Boston portfolio with over 200 Boston-based employees. Mr. Verrette brings to FHO Partners an in-depth knowledge of the Financial District, as well as extensive experience in Back Bay, Cambridge and Route 128 West and 128 Northwest markets. Accomplished in portfolio management, he has developed marketing strategies for many significant properties including 100 and 125 Summer Street, Rowes Wharf, One Post Office Square, 225 Franklin, 28 and 60 State, 500 Boylston, 222 Berkeley and 25 Mall Road, among others. Verrette will bring his experience and unique skill set to assist FHO Partners in providing first-class services to landlord clients.
About FHO Partners:
FHO Partners is a commercial real estate brokerage firm, focusing much of their efforts on strategic planning, consulting and brokerage services to an extensive range of corporate and institutional clients, both locally and on a national and international basis. The experienced professionals that make up FHO Partners have addressed the real estate needs of many industries including life sciences, high-tech, and financial services as well as law, consulting, accounting and other professional firms, assisting clients to develop and implement customized real estate solutions that enhance their overall business strategies.
More information about FHO Partners can be found at http://www.fhopartners.com or by calling 617-279-4555.