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Avison Young Acquires Office and Industrial Service Lines from Madison Marquette
Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young brand and the deal is expected to close in September.
The acquisition includes more than 20 million square feet and 235 team members including, property managers, agency leasing professionals, project managers, building engineers and accountants that will integrate with Avison Young’s markets primarily in Texas and California, the East Coast Region and Hawaii, a new market for the firm. The combined operations will amplify Avison Young’s presence in 11 states.
“I am delighted to welcome the team members from Madison Marquette to the Avison Young family,” said Juan Bueno, principal and U.S. president at Avison Young. “Both organizations are aligned with the cultural mindset that focuses on people first and embraces the diversity of experiences that our people bring to our business and to our clients.”
At Madison Marquette, CEO Vince Costantini, said, “This is a transformative opportunity for both companies to build on their core strengths to achieve competitive advantage, We made the strategic choice to move a portion of our services to Avison Young to better serve our office clients and look forward to a new partnership with the firm with respect to their industry-leading data analytics platform, AVANT by Avison Young.”
The acquisition also includes the addition of seven industry leaders coming from Madison Marquette. In Houston, Wade Bowlin will join the firm as principal and managing director, Kim Shapiro and Brad Sinclair will be principals focusing on agency leasing and Brenda Dougherty will join as principal, director, Texas real estate management services. In Irvine, CA Jim Proehl will join as principal and director of the Western region, real estate management services and Eileen Doody and Mark Mattis will join as principals specializing in agency leasing.
- ◦Sale/Acquisition
