Transwestern

Add links
Source: Wikipedia, the free encyclopedia.
For the airline, see Transwestern Airlines.
Transwestern
Founded1978 
CHRO
Bruce Ford President, East Region
Chip Clarke, President, Americas
Number of employees
More than 2,100[1]
SubsidiariesRidge Development
Delta Associates
Transwestern Realty Finance Partners, L.L.C. [2]
Websitetranswestern.com

Transwestern is a privately held real estate firm providing Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research to owners of commercial real estate.

Services

  • Advisory Groups
  • Agency Leasing
  • Asset Services
  • Capital Markets
  • Consulting Services
  • Technology
  • Tenant Advisory + Workplace Solutions

History

In 1978, the company was founded as a real estate development company[3] by Robert Duncan.[4]

During the recession of the late 1980s and early 1990s, the company converted into a services business.[3]

Beginning in 1994, the company expanded into the West, Southwest and Midwest regions of the United States.[3]

In 1995, the company acquired Delta Associates, a provider of market research.[5]

In 1998, the company acquired Carey Winston, the largest commercial real estate

Washington, D.C. metropolitan area.[3] That year, Transwestern Commercial[4] co-founder and chairman Randall K. Rowe was elected chairman of the National Realty Committee.[6]

In January 2001, the company brokered a $113 million, 15-year lease for

Arlington, Virginia.[7]

In January 2011, Transwestern acquired Fort Worth[8]-based NAI Huff Partners.

In September 2013, Transwestern acquired the Boston firm of Richards Barry Joyce & Partners LLC.[9][10]

In January 2014, the company acquired Epic Realty Partners LLC, based in

Chicago, Illinois, to grow its industrial business.[11]

In March 2014, the company formed a joint venture with the principals of Chicago-based Ridge Property Trust called Ridge Development to expand its industrial development platform.[12]

In February 2015, Transwestern Strategic Partners, the discretionary investment management arm of the company, acquired a property in Scottsdale, Arizona for $58.5 million.[13]

In March 2017, the company acquired Chicago-based tenant advisory firm Tru Office Advisors.[14]

References

  1. ^ "Transwestern".
  2. SEC
    . July 29, 2009, page 1. Accessed February 26, 2023.
  3. ^ a b c d Haggerty, Maryann (May 20, 1998). "MERGER IN OFFING FOR CAREY WINSTON". The Washington Post.
  4. ^ a b "Mortgage adviser JTD, Transwestern Commercial merge" THOMAS A. CORFMAN Chicago Tribune. May 1, 2001. Accessed February 26, 2023.
  5. ^ Sernovitz, Daniel J. (February 3, 2015). "Exclusive: Delta Associates CEO Greg Leisch stepping down after 35 years of real estate analysis". American City Business Journals.
  6. ^ "ZELL GROUP ALUMNUS ROWE CHOSEN TO HEAD INDUSTRY LOBBYING GROUP" J. Linn Allen, Chicago Tribune. June 16, 1998. Accessed February 26, 2023.
  7. ^ "Transwestern exec prefers behind-the-scenes role". The Washington Times. February 26, 2001.
  8. ^ "FT. WORTH-BASED NAI HUFF PARTNERS MERGES WITH TRANSWESTERN - Transwestern.com". www.transwestern.com. Retrieved 2017-10-25.
  9. ^ Ross, Casey (September 5, 2013). "Richards Barry Joyce firm is sold". The Boston Globe.
  10. ^ Pulsinelli, Olivia (September 10, 2013). "Transwestern expands into Boston, eyes Northwest and Latin America". American City Business Journals.
  11. ^ Greenwood, Giselle (January 16, 2014). "Transwestern buys Chicago firm to grow industrial presence". American City Business Journals.
  12. ^ "Transwestern Development Co. And Ridge Property Trust Principals Partner To Expand North American Industrial Platform" (Press release). PR Newswire. March 26, 2014.
  13. GlobeSt.com
    .
  14. ^ "TRU Office Advisors acquired by Transwestern". RE Journal. March 22, 2017.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Transwestern&oldid=1211040952"