CBRE Acquires Dallas-Based United Commercial Realty

DALLAS —CBRE Group Inc. has acquired United Commercial Realty (UCR), a Dallas-based commercial real estate firm specializing in retail services. UCR manages retail properties for institutional investors and provides brokerage services for retailers. UCR was founded in 1988 and provides leasing, property management, asset management and investment sales services for retail investors and tenants. The company manages approximately eight million square feet of retail properties across the U.S. for institutional investors. In addition, UCR and its urban leasing division serve as leasing agents for 20 million square feet of shopping centers nationally. UCR represents more than 200 retailers and restaurants. As part of the transaction, CBRE is also acquiring UCR’s affiliate office in Austin. UCR’s staff of more than 100 will join CBRE.