BGL, a leading facilities design and consulting firm based in Denver, has joined Cresa, the world’s largest tenant-only commercial real estate firm, as a wholly owned subsidiary.
Founded over 30 years ago, BGL specializes in providing facilities services to occupiers of real estate, including design, project management, relocation management, on-site technical support, space planning, and contract facilitation. With a significant practice in corporate relocations, BGL has assisted major clients such as Charles Schwab, Visa, Xcel Energy, Whole Foods, and Wells Fargo with major corporate moves.
According to Cresa CEO Jim Underhill, BGL joining Cresa is part of a larger growth initiative, which is expected to include more acquisitions that are enabled by Cresa’s recent capitalization. “We now have the infrastructure and investment capacity in place to expand significantly through acquisitions and recruitment,” Underhill added. “Our goal is to double our workforce and revenue within five years, and like-minded professionals like those at BGL will help lead this growth initiative.”
Three years ago, BGL co-located with Cresa in its Denver office, where they have shared space and collaborated on many projects. “By working side-by-side in a shared office, BGL has had the unique opportunity to experience Cresa firsthand,” said Lynda Schroer, BGL owner and principal. “Through our close collaboration, we validated that there is a strong cultural fit with Cresa, including our complementary service offerings and commitment to the end user of real estate. We are excited to leverage Cresa’s national and global platform and enhance our ability to provide integrated client services.”
“This combination of BGL into the Cresa platform has further strengthened our position as the market leader in corporate real estate and facilities services in Denver and beyond,” said Bill Baldwin, Cresa Managing Principal in Denver. “With the addition of BGL to the Cresa family, we now have over 50 employees in Colorado who are dedicated exclusively to the occupier of corporate and institutional real estate.”
BGL continues to maintain its name and its existing client portfolio, and Schroer will continue to lead the 18-person BGL team that is now part of Cresa. The combined firm will be relocating their offices to 1001 17th Street in Denver effective May 1st.
Cresa is the world's largest tenant-only commercial real estate firm. In representing tenants exclusively—no landlords or developers—Cresa provides unbiased, conflict-free advice. Its integrated services cover every aspect of a real estate assignment, including strategic planning, employee demographics, workplace strategy, site selection, incentives negotiation, market research, transaction management, project financing, project management, portfolio management, and relocation services. Cresa offers clients customized solutions worldwide through more than 60 global offices. For more information, visit www.cresa.com.
