CBRE announced that Chris Bosworth and Will Pike have both been promoted to Vice Chairman, the highest-ranking title among CBRE producers.
Mr. Bosworth and Mr. Pike serve as partners and co-leaders of CBRE Net Lease Properties. This national practice provides net lease investors with acquisition and disposition advisory services for single-tenant assets, national net lease portfolios and corporate sale-leasebacks.
“The economy is benefiting from continued global growth, an increase in employment rates and strong levels of investment, which strengthens all asset classes, particularly the net lease sector, and allows Chris and me to be bullish on the immediate and long-term performance of CBRE’s Net Lease practice,” said Mr. Pike. “This environment accelerates our ability to source aggressive sale-leaseback financing on behalf of both domestic and global companies.”
In their careers, Mr. Bosworth and Mr. Pike have executed more than $16 billion worth of assignments spanning more than 2,600 properties. Since 2016, the team has been responsible for the disposition of 720 properties with a value of over $8.2 billion. Recent transaction highlights include:
- $682M Sale-Leaseback, Bloomin’ Brands, Inc.
- $625M H&R US Net Lease Portfolio
- $435M Sale-Leaseback, Walgreens Boots Alliance, Inc.
- $282M Wells Fargo Office Portfolio
- $224M Life Time Fitness Portfolio
- $130M LPL Financial Office Campus
“Our Net Lease Properties practice, formed and run by Will and Chris, is incredibly successful and stands out in the industry as the leading single-tenant net lease brokerage team in the United States. The work ethic and consistent leadership of the team allows CBRE to remain the preeminent real estate advisor among single-tenant assets, national net lease portfolios, corporate sale-leasebacks, and zero-cash-flow transactions,” said Chris Ludeman, Global President, Capital Markets, CBRE.
Mr. Bosworth, who joined CBRE in 1999, is a founding member of Net Lease Properties and the firm’s Corporate Capital Markets practice; he is the first retail-focused capital markets professional in the firm’s history to be named Vice Chairman.
Mr. Pike, who joined the company in 2004, is a founding member of Corporate Capital Markets, Head of Retail-Occupier Capital Markets, and currently serves on the board for CBRE’s Investment Properties and Americas Brokerage divisions. Will was recognized in Real Estate Forum’s National 50 Under 40 for his outstanding leadership among his industry peers and is the third youngest professional in CBRE’s history to achieve the title of Vice Chairman.
In 2016, Mr. Bosworth and Mr. Pike were among the top 1% in overall company-wide production and named Real Estate Forum’s No. 1 Investment Property Retail Professionals in the U.S. In addition, they have consistently been recognized for CBRE’s Colbert Coldwell Circle that honors the firm’s elite sales professionals.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
