Hospitality at Work, a manager of office and mixed-use properties and a subsidiary of the real estate developer and investor Lowe, has acquired Vector Property Services, a Denver-based company with over 2.5 million square feet of institutional property under management.
The financial terms of the deal were not disclosed, and most of Vector’s property management, engineering, and accounting staff will join the Hospitality at Work team.
With this acquisition, Hospitality at Work’s portfolio, bringing total managed space to 11 million square feet nationwide.
“For more than 20 years, Vector has provided outstanding service to its Denver area clients and tenants, while creating a culture of care and inclusion for its team members,” said Marty Caverly, executive vice president of Hospitality at Work. “We are honored to continue that commitment to superior service, client success, and a positive, collaborative, and supportive work environment. Vector’s exceptional management, engineering, and accounting staff are a welcome addition to the Hospitality at Work team. We have gained 15 new team members, each with valuable experience, relationships, and operational expertise that will strengthen our collective capabilities.”
