USPS Awards CB Ellis Richard Group contract to serve as exclusive real estate provider

Los Angeles, July 20, 2011 – CB Richard Ellis Group, Inc (NYSE:CBG) today announced that the United States Postal Service (USPS) has awarded CB Richard Ellis a contract to serve as its exclusive provider of strategic corporate real estate solutions nationally. CB Richard Ellis will provide transaction management services for USPS, including leasing and disposition.  USPS’s portfolio consists of approximately 35,000 facilities, totaling over 300 million sq. ft.

Historically, USPS has worked with multiple real estate service providers, including CB Richard Ellis since 1997. The new contract with CB Richard Ellis enables USPS to consolidate these activities with one service provider.

CB Richard Ellis’ Brian Murphy led the USPS pursuit team, partnering with the Washington, D.C.-based Public Institutions team as well as professionals in the Denver and New York markets.  John Chichester will serve as the Alliance Director for the account.

source: CB  Richard Ellis Group Press Release