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Galbreath Co. to merge with Warwick Associates.

The Gallbreath Company, a national real estate development, management and brokerage firm, and Warwick Associates, a leading, full-service, Stamford, Connecticut-based real estate company, have announced a merger of the two firms. The newly formed Galbreath Company in Connecticut will service both the Fairfield County, Connecticut, and Westchester County, New York markets.

Daniel M. Galbreath, chairman and C.E.O. of Galbreath, was joined by Bruce L. Warwick, chairman of Warwick Associates, and Executive Committee members Peter E. Ricker, president and C.E.O., and Bruce E. Mosler, vice chairman, of Galbreath Riverbank, L.P., the firm's New York subsidiary, in making the announcement.

The merger will add two million square feet of property and an accomplished staff of 30 to Galbreath's 60-million-square-foot agency portfolio.

Warwick, who will direct the day-to-day activities of the region, will hold the title of executive vice president and has been appointed to Galbreath Riverbank's Executive Committee. Ronald R. Macklin, partner at Warwick Associates, has been named a senior managing director.

The merger with Warwick Associates brings to a total of 58 projects, including 18 million square feet of office, residential, retail and industrial space, managed by The Galbreath Company and Galbreath Riverbank throughout the region. In addition to property and asset management, Galbreath offers expertise in the areas of leasing, tenant representation, consulting, investment sales and development.

Warwick Associates was created in 1990 by Bruce Warwick and Ronald Macklin, providing full-service management and brokerage services. Mr. Warwick previously developed several office buildings in Connecticut, including Stamford's Metro Center and Soundview Plaza, as well as the Darien Green office complex. He began his career at HRH Construction Corporation.

Macklin, prior to forming Warwick Associates, was partner and C.O.O. of Northbrook Realty Group, a Westchester-based real estate development and investment company. His projects include the rehabilitation and office space conversion of Everett S. Webb School in White Plains, New York, and the subdivision and approval of the Banksville (N.Y.) Golf Course into residential lots.

The Galbreath Company in Connecticut will be headquartered at 600 Summer Street, Stamford, which served as offices for Warwick Associates.
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Publication:Real Estate Weekly
Date:May 19, 1993
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