CresaPartners Merges with Strictly Commercial to Become Central Florida Force

Boston-based CresaPartners, the largest corporate real estate advisory firm in North America that focuses solely on tenant representation, has combined operations with Orlando-headquartered tenant representative firm Strictly Commercial, the only commercial real estate firm in Central Florida concentrating exclusively on providing office real estate solutions for area businesses. By joining

Boston-based CresaPartners, the largest corporate real estate advisory firm in North America that focuses solely on tenant representation, has combined operations with Orlando-headquartered tenant representative firm Strictly Commercial, the only commercial real estate firm in Central Florida concentrating exclusively on providing office real estate solutions for area businesses. By joining forces, CresaPartners expands its presence in the Central Florida office market, and SCI gets a partner with international connections.”We have a similar culture and that is to only serve one side of the table–businesses,” John L. Gay, SCI president and co-founder, told CPN of the arrangement with CresaPartners; Gay co-founded SCI with Sarah Castor who is also a principal at the company. “We share the same vision. It was a natural fit.” As per terms of the deal, the financial details of which are not being released, SCI will operate under a license agreement for one year, after which point it will become CresaPartner’s equity partner. SCI opened its doors 19 years ago and has since established a powerhouse client base in the Central Florida region, offering services ranging from locating appropriate space for lease to orchestrating build-to-suit developments. Businesses that have formed long-term relationships with the company include Fidelity National Financial. Years ago, the Jacksonville, Fla.-headquartered concern, a top provider of title insurance and diversified real estate services, turned to SCI to handle the real estate needs of its Fidelity National Title and Chicago Title subsidiaries in South, Western and Central Florida. SCI has handled Fidelity lease transactions from Orlando to Miami. “Central Florida was a hole for CresaPartners to fill,” Gay explained, “and we fill that hole.” The merger, however, presents benefits beyond the Sunshine State. SCI’s union with CresaPartners will radically expand the company’s capacity to assist regional clients with real estate needs around the world. Fifteen-year-old CresaPartners has over 125 offices in 32 countries. “A lot of multinational companies are exporting business,” Gay said. “And because CresaPartners is an international platform, clients are going to get the same kind of quality service in one town as the next.”