TCN Worldwide Snaps Up Primecorp Commercial
- Sep 30, 2015
TCN Worldwide, the Richardson, Texas-based multi-billion-dollar consortium of independent commercial real estate firms, has expanded its presence in Canada by bringing Ottawa, Ontario’s Primecorp Commercial Realty into the fold. TCN’s newest member is now officially known as Primecorp Commercial Realty/TCN Worldwide.
“Global expansion is a key part of our strategic focus. This growth allows us to not only strengthen the organization through an increase in membership, but also to better serve all of our existing members and their many global clients,” H. Ross Ford, president & CEO at TCN Worldwide, told Commercial Property Executive. “In relation to Canada specifically, the addition of PrimeCorp gives our current members in Montreal, Calgary, and Edmonton a foothold in their capital with a market-leading company working with clients throughout North America.”
Operating in the multifamily, retail and office sectors, Primecorp serves a host of client types–major space users, developers, corporate investors, lenders and the like–providing such offerings as investment sales, leasing representation and property management. The brokerage and advisory firm has been on the scene since 1998 and has since closed transactions totaling more than $6 billion CAD. Indeed, Primecorp brings quite a bit to the table.
“As a company, Primecorp brings not only a talented team and strong leadership, but also experience working with a variety of clients throughout North America,” Ford said. “They are very well-known for meeting the needs of multi-family investor clients in many markets, and they bring similar ability to all property types. In addition, they have a solid team of leasing and investment specialists working in the greater Ottawa marketplace across all property types.”
TCN is not done spreading its wings north of the border. The global network is now turning its attention to Toronto and Vancouver. But TCN’s focus isn’t limited to the maple leaf; the company knows how to multitask so presently, it is also eyeing markets beyond North America.
“We are currently working with a number of prospective firms and strategic relationships to enhance our global coverage,” Ford added. “We are particularly excited about finalizing discussions with a firm that will greatly strengthen our coverage in Mexico. Separately, we are pursuing several options to enhance our existing members in Italy, Australia, and Asia through global alliances.”