Deutsche unit picks Crosland for local management contract

RREEF, a real estate investment subsidiary of Deutsche Bank, has offloaded the management of more than 11 million square feet of property from New England to Texas to five firms, one of which is Crosland. A spokeswoman says the firm will take over the day-to-day running of Providence Marketplace, the $75 million shopping center it developed with Carolina Holdings before selling a majority stake to RREEF in 2007. Crosland, which also built the Terrazzo tower in The Gulch, will manage three sites in the Carolinas as well.

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Tags: Carolina Holdings Inc., commercial real estate, Crosland LLC, Deutsche Bank, Mt. Juliet, property management, retail real estate, RREEF, Wilson County