CoStar signs agreement with Julien J. Studley

Real Estate Weekly, Jan 9, 2002

CoStar Group Inc. has signed a multi-market, multiyear renewal agreement with Julien J. Studley, Inc., a national commercial real estate firm specializing in tenant representation.

Under the terms of the agreement, CoStar will provide Julien J. Studley brokers with access to CoStar information services in 25 U.S. markets. Studley professionals will be able to access CoStar Property, an inventory of office and industrial properties, to research leasing options and analyze market conditions. Studley professionals will also have access to CoStar Tenant, a database of tenant information for business-to-business prospecting and analyses.

"Leading real estate services firms like Julien J. Studley are realizing that CoStar not only provides brokers with the fundamental supply and demand data for every major market, but also offers software and technology that allows brokers to more efficiently complete transactions," said Andrew C. Florance, CoStar's president & CEO.

"We're honored Julien J. Studley has selected CoStar to provide its professionals with the industry's most comprehensive data and we look forward to building upon the mutually beneficial relationship our firms have enjoyed in recent years."

"We continue to seek new technologies that will allow us to better serve our clients," said Nicholas E. Borg, Julien J. Studley's senior executive vice president & COO. "CoStar data enable our brokers to research market issues and provide a more detailed level of analysis."