BETHESDA, MD -- CoStar Group, Inc. (NASDAQ: CSGP) has signed a multi-year renewal agreement to provide its industry leading leasing, tenant and sales data to Trammell Crow Company (NYSE: TCC) professionals in 46 offices nationwide for a term that could reach nine years.
CoStar Group is the leading provider of information services to the U.S. commercial real estate industry. Based in Dallas, TX, Trammell Crow Company is one of the premier real estate services firms worldwide.
The long-term agreement provides Trammell Crow Company professionals in 46 U.S. offices with access to CoStar Property®, a complete inventory of office and industrial properties, to research leasing options and analyze market conditions. A vast majority of these offices also will have access to CoStar Tenant®, a detailed business-to-business prospecting and analytical tool providing commercial real estate professionals with the most comprehensive tenant information available.
In addition, Trammell Crow Company investment sales and valuation professionals will have access to CoStar COMPS®, the only verified national database of comparable sales transactions.
"Trammell Crow Company is pleased to have a multi-year agreement with CoStar," stated Steve Henry, chief information officer of Trammell Crow Company. "CoStar is clearly the leading provider of commercial real estate market research data."
"We are grateful to Trammell Crow Company for demonstrating its confidence in CoStar with this long-term commitment to our services," stated CoStar Group President & CEO Andrew C. Florance. "We are committed to providing Trammell Crow Company's brokerage and research professionals with the highest quality data and technology to help them better serve their clients."
Added Henry, "The breadth of CoStar's coverage geographically and its product offerings align with Trammell Crow Company's extensive network of U.S. offices. The new agreement provides Trammell Crow Company's staff of commercial real estate professionals a valuable resource for providing our existing and prospective clients with market data."
About CoStar Group, Inc.
Headquartered in Bethesda, MD, CoStar Group, Inc. (NASDAQ: CSGP), is the leading provider of information services to the U.S. commercial real estate industry. CoStar's suite of products offers customers access to the most comprehensive, verified database of commercial real estate information in 50 U.S. markets. The company has approximately 800 employees in 29 offices nationally, including the industry's largest professional research organization. For more information, visit http://www.costar.com.
About Trammell Crow Company
Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the United States. In offices throughout the United States and Canada, Trammell Crow Company is organized to deliver management services, transaction services and development and project management services to both investors in and users of commercial real estate. The company's Global Services Group delivers all management, transaction and project management services domestically and internationally. Development and investment activities are conducted through the Development and Investment Group. The company delivers services in Europe and Asia through its strategic alliance with Savills plc, a leading property services company based in the United Kingdom, and the jointly owned outsourcing company Trammell Crow Savills Limited. In addition, the company has offices in Chile, Argentina, Brazil and Mexico. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol "TCC" and is located on the World Wide Web at http://www.trammellcrow.com.