There appears to be no stopping the fast growth of Toronto-based real estate firm Avison Young.
Having recently announced the acquisition of a brokerage business in San Diego, the firm has launched in Arizona through the acquisition of a Phoenix-based retail brokerage.
The addition of Strategic Retail Group (SRG) adds to AY’s established retail property management business in the state and the new addition has been rebranded to Avison Young with immediate effect.
Nine members from SRG join Avison Young in Phoenix including Matt Milinovich, James DeCremer and David Jarand who become principals of the firm.
“We’re thrilled that Matt, James, David and their team are joining the Avison Young family as we expand our Arizona business-line coverage by adding retail brokerage services,” comments Rose. “The SRG team’s professionals have proven track records of providing creative property and business solutions for a vast array of retail investors, owners, landlords and tenants.”
SRG was founded in 2006 and the three new principals have a combined 70 years of real estate experience.
Opportunity
Earl Webb, Avison Young’s President, US Operations, says the acquisition allows Avison Young to grow its retail property service line across the US Southwest, with great opportunity in the market.
“We believe that Arizona, particularly the greater Phoenix area, is an underserved retail real estate market. There are many untapped retail property development, sales and leasing opportunities throughout the state due in part to Arizona’s strong appeal to Canadian snowbirds and tourists from across the globe,” he said.
