Transwestern Widens Dallas-Area Footprint
- Jan 11, 2011
January 11, 2011
By Barbra Murray, Contributing Editor
A longtime presence in the greater Dallas market, Transwestern has just increased its visibility in the area through its merger with the largest commercial real estate firm in Fort Worth. Transwestern and NAI Huff Partners have merged operations in a transaction that allows Transwestern to make its entry into downtown Fort Worth.
Transwestern central region president Jack Eimer noted that the firm wanted to capitalize on NAI Huff Partners’ positive record and history in the Fort Worth area, along with the relationships it had built since its founding in 1986. The merged entity carries the Transwestern name and conducts business out of the NAI Huff office in downtown Fort Worth.
The location is not all that remains the same. The 32 NAI Huff staff members are still onboard, which both Transwestern and NAI Huff determined was vital to the success of the union. With a seasoned team in place, the office can provide comprehensive services to those doing business in Fort Worth through the combination of NAI Huff’s local market-specific knowledge and Transwestern’s national expertise and resources. Clients will now benefit from enhanced property management offerings, a bolstered investment division, as well as a new in-house construction management service.
While Transwestern and NAI Huff had been negotiating the merger over the last nine months, for all intents and purposes, the union was conceived several years ago. NAI Huff was once NAI Stoneleigh Huff Brous McDowell Inc., and in 2004, the Stoneleigh segment of the firm integrated with Transwestern, leaving the remaining involved parties to form NAI Huff Partners in 2005.
Transwestern’s services extend to a variety of commercial real estates sectors, including office and industrial, and by all accounts, the aforementioned sectors in the Dallas/Fort Worth market are well on their way to recovery. According to reports by Transwestern’s wholly owned research affiliate, Delta Associates, the office market “experienced substantially stronger conditions” in the final quarter of 2010 and the industrial market ended the year “in positive territory.”