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1/21/16
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Whittier-based GM Properties has extended its area outreach by acquiring the regional property management division of 63-year-old Villelli Enterprises Inc of La Habra. GM is a SoCal-based commercial real estate brokerage and property management firm that has been around for over 50 years.
GM Properties, which manages more than 3 msf of commercial real estate encompassing an area from Valencia to San Diego, adds 12 new accounts to its portfolio with the Villelli management portfolio. The properties, located in the San Gabriel Valley, South Bay, Inland Empire and Orange County, include multi-tenant retail, multi-tenant industrial, multi-tenant office and single tenant retail.
According to Jason Jamison, president of GM Properties, the properties comprise 150 units and over 125 tenants that raise GM’s tenant roll to 1,200, while increasing its total space under management to 3.75 msf.
Villelli Enterprises Inc, a full service management company, in addition to providing investment, brokerage and development services, retains its Northern California management division.
Serving Southern California, including Los Angeles, Orange, Riverside, San Bernardino and San Diego Counties, GM Properties was recently ranked number 10 on the LA Business Journal’s top 20 list of industrial property management firms, also being ranked on the Journal’s top 25 list overall among property management firms.
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