Koll Completes Rubloff Deal, Creates New Division

Koll Management Services said it has completed its previously announced deal with Chicago commercial developer Rubloff Inc. and has formed a new division, Koll/Rubloff Chicago, to provide property management and corporate real estate services in the Midwest, Southeast and Southwest.

Rubloff owns or manages 88 buildings in 14 cities. The transaction adds 30 million square feet of property, primarily office buildings, to Koll Management’s property management portfolio, bringing its total to about 100 million square feet.

Koll Management Services, headquartered in Newport Beach, is a publicly traded company that was spun off two years ago from the privately owned Koll Co., a major commercial property developer. It now has contracts to manage operations of more than 500 office buildings and other commercial properties across the country.