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CBRE Group, Inc. acquires San Antonio operations of Peloton.

LOS ANGELES: CBRE Group, Inc. acquired the San Antonio operations of a leading full service commercial real estate firm - Peloton - in Texas.

The acquisition makes CBRE the leading provider of commercial property leasing, sales and management services in the growing San Antonio market. In 2017, CBRE and Peloton's San Antonio operations combined completed $681 million of sales and leasing transactions and currently manage and/or lease over 20 million sq. ft. of commercial property in the San Antonio market.

Michael Caffey, President of the Texas and Oklahoma Division and Latin America, CBRE, said, "The combination of CBRE and Peloton creates San Antonio's top real estate services brand, which will deliver superior results for our clients and expanded opportunities for our professionals." Peloton in San Antonio is led by Gardner Peavy, who joins CBRE as Managing Director for San Antonio. He will be joined by 26 colleagues from the Peloton San Antonio operations. Mr. Peavy will report to Scott Senese, who leads CBRE's Austin and El Paso operations. The combined workforce of the two companies totals nearly 300 employees in San Antonio.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:1U7TX
Date:Aug 29, 2018
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