Transwestern
Founded1978 Edit this on Wikidata
HeadquartersHouston, Texas
Key people
Robert Duncan, Chairman
Larry Heard, CEO
Mark Doran, COO
Steve Harding, CFO
Kim Croley, CMO
Allison Allen, 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 broker in the 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 Oblon in 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. ↑ Form S-11 SEC. July 29, 2009, page 1. Accessed February 26, 2023.
  3. 1 2 3 4 Haggerty, Maryann (May 20, 1998). "MERGER IN OFFING FOR CAREY WINSTON". The Washington Post.
  4. 1 2 "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. ↑ Seemeyer, Kristian (February 18, 2015). "Lincoln Towne Center Trades for $59M". GlobeSt.com.
  14. ↑ "TRU Office Advisors acquired by Transwestern". RE Journal. March 22, 2017.
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