Avison Young Acquires Atlanta-Based Eidson Group
- Jan 10, 2014
Toronto-based Avison Young’s U.S. expansion program continues with no end in sight, as the company brings yet another real estate services firm into the fold with the acquisition of the Eidson Group L.L.C. in Atlanta. The transaction bolsters Avison Young’s existing tenant representation services in the City and the Southeast.
In Eidson, Avison Young found a seasoned player. The firm, on the Atlanta scene since 1998, has a strong reputation as a tenant representative, providing a long list of services that includes acquisition, disposition, facility design co-ordination, portfolio management, lease document review and move management. The force behind Eidson, founder Douglas Eidson, along with office tenant representative Scott Perry, are now on the Avison Young team as principal and associate broker, respectively. “Doug and Scott fit in perfectly with our collaborative culture and add more resources to our Atlanta office and our overall tenant representation and Enterprise Solutions offerings,” Mark Rose, chair & CEO of Avison Young, told Commercial Property Executive.
The merging comes four years after Avison Young made its entrée into Atlanta, which was rapidly followed by the acquisition of a local firm the same year, and another in 2011. Pointing to the city’s status as a favorite headquarters destination of Fortune 1000 companies and international businesses, Avison Young considers Atlanta a key component of its effort to further strengthen its presence in the U.S. It’s not New York or San Francisco, but its role in the national real estate market cannot be ignored.
“Atlanta is the center of commerce for the Southeast and recovery is going very well,” Doug Eidson told CPE. “The construction sector is still slow, but other segments of our economy are showing strong growth, especially that of technology, established and early-stage, and IT health and biomedical”.
Atlanta is just one of a bevy of markets that Avison Young has tapped for its growth plan. Among its many moves in 2013 were an expansion in metropolitan Washington, D.C., with the acquisition of Maryland-based McShea & Co. Inc. in November, and the growing of its presence in Dallas, with the purchase of Dillon Corporate Services/Cresa Dallas in October.
“We will continue to build in all existing Avison Young North American markets and the very few remaining open spots,” Rose added. “We are way ahead of expansion plans and have no thought of taking our foot off the accelerator.”
Avison Young’s expansion pursuits in 2014 will include activity in Europe, Rose added. Last year, the firm quietly opened small offices in London and Frankfurt.