Canadian Real Estate Firm Opens New Office in Dallas, Hires New Managing Director

July 08, 2011 / Elizabeth Buckley, Commercial Property Analyst

Real estate firm Avison Young has opened its new office at Dallas, Texas, while at the same time announcing its hiring of Brock Wilson as managing director.

Canadian Real Estate Firm Opens New Office in Dallas, Hires New Managing Director

Mark Rose, Chair and CEO of Avison Young, announced the opening of a newly-formed Dallas, Texas office, which comes on the heels of its acquisition of Millennium Realty Advisors, LLC, a Virginia-based brokerage firm that provides agency leasing and tenant representation services.

Meanwhile, commercial real estate brokers Scott Fikes and Alex Bryant join Avison Young’s existing Houston office. All three were formerly with Grubb & Ellis in Texas.

Effective immediately, Wilson also becomes a principal of the real estate firm and will lead the expansion of Avison Young’s business in Dallas, which will be located at #1000–5956 Sherry Lane.

Fikes and Bryant join Avison Young’s Houston operations as vice-presidents in the tenant representation services group and will help expand Avison Young’s tenant representation and corporate-services platform in Houston and throughout Texas.

“We are very excited to have Brock, Scott and Alex join the Avison Young team and, at the same time, expand Avison Young‟s Texas-area presence,” said Rose.

“We have always considered Dallas as one of the key commercial markets in the U.S., and with the hiring of Brock, we are able to begin building our business in Dallas to complement our rapidly growing Houston-based business.”

Rose adds: “Dallas has a broad range of corporate occupiers, deep institutional ownership of property, and a strong demographic and infrastructure, making Dallas a very attractive market for Avison Young to grow into.”
The newest American office is Avison Young’s seventh location outside of Canada and gives the leading Canadian commercial real estate firm its second office in the Texas market. Terms of the acquisition were not disclosed.

“Brock will work closely with Rand Stephens, Avison Young Principal and Managing Director of the company‟s Houston office, to build a broad-based Avison Young presence in Dallas as quickly as possible,” said Earl Webb, Avison Young’s President for U.S. Operations.

“Scott and Alex are two of the best young brokers in the Houston area, having developed some outstanding client relationships and an enviable track record of success. We’re thrilled to have them join us at this critical time in our growth in Houston and throughout the Southwest, and they will be key contributors to our ongoing success in these markets,” said Webb.

Over the past two and a half years, Avison Young has grown from 11 to 24 offices and from 300 to more than 750 real estate professionals across Canada and in the U.S.

“Opening a new office in Dallas ─ one of the largest markets in the U.S. ─ while growing our Houston operations is a strategic move that will allow us to provide a full-service platform in Texas and the Southwest region of the U.S.,” according to Stephens in Houston.

“Brock is a veteran of the Dallas market, and Scott and Alex are recognized as top guns in the Houston market. More importantly, all three are highly-regarded real estate professionals who are client-centric and exude the type of character we are looking for at Avison Young.”

“As our industry is currently revamping and consolidating, Avison Young has a clean, fresh business model and is committed to expanding the Dallas office immediately,” said Wilson.

“The fact that Avison Young is a Principal-managed and led organization is very attractive, and to have an equity position with the fastest-growing company in our industry is incredibly exciting.”

Fikes said: “Our industry has been through a lot of hardship in the last few years and it was very important to me to be with a company that has a great management team and that is well-capitalized going into the future. The company‟s commitment to its long-term growth strategy and its vision to build the leading international commercial real estate services firm is something I am excited to be a part of.”

Bryant added: “I admire Avison Young‟s client-first culture, and I look forward to working with the Texas and international team to provide a secure and fully-integrated service platform for our valuable clients.”

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