Grubb & Ellis forms alliance.
The two companies have agreed to a strategic alliance designed to provide their clients with a single point of contact, an expanded menu of services throughout North America, and a larger global market presence through Grubb & Ellis' alliance with the international real estate firm, Knight Frank. Knight Frank has offices throughout Europe, Africa, and Asia Pacific.
The three firms will now integrate more than 8,000 professionals in 30 countries.
Grubb & Ellis CEO Barry Barovick said that with its well-established offices in all six of Canada's major real estate markets, Avison Young brings "expertise in every major real estate sector, but just as important a strategic locational strength in Canada, and a full-service integrated real estate services philosophy that is fully aligned with that of both Grubb & Ellis and Knight Frank."
"International companies are increasingly assigning their worldwide real estate needs to a single entity," said Mark Fieder, president of Avison Young Ontario. "Our alliance positions Avison Young to serve as a true gateway for real estate decision makers, including our clients in Canada who are expanding into North America and overseas, and global companies looking to our country to play a role in their own expansion goals."
"Canada is an important market, as well as a North American beachhead, for many international companies," said John Martin, senior partner at Knight Frank. "Avison Young's partnership with Grubb & Ellis will help us respond of growing international demand for access to the Canadian market."
Ray O'Keefe, Grubb & Ellis' director of international operations, said that his company intends to add even more scope to the overall global reach provided by the new partnership between Grubb & Ellis and Avison Young, "under a similar arrangement with strong South American service providers." Conversations along those lines are already underway.
"Our mutual integrated services approach, offering clients transaction, management and consulting resources, is opening new doors all over the world," O'Keefe stated. "We have found that while our transaction expertise and market intelligence will always be the primary differentiation for all of our firms, more and more companies are demanding a seamless full service approach."
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|Title Annotation:||with Avison Young|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Sep 18, 2002|
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