Houston-based Transwestern Commercial Services and Montreal-based Devencore, two privately owned, leading commercial real estate firms based in the United States and Canada, respectively, on Oct. 16 announced a strategic alliance.
The alliance will extend the two companies’ integrated commercial real estate services capabilities across North America to serve clients globally. Specifically, the companies will collaborate on cross-border occupier, agency, and capital markets opportunities, and provide research, marketing and consulting support for existing and future clients.
“We are very pleased to have established a strategic relationship with one of Canada’s preeminent and most highly regarded commercial real estate firms,” said Larry P. Heard, CEO of Transwestern. “A commitment to client service excellence, innovation and comprehensive solutions are just a few of the shared attributes that make this union compelling. We are confident our alliance partnership with Devencore will be productive and rewarding on many fronts – starting with our clients.”
Transwestern and Devencore together offer services to a diverse range of occupier, owner and capital markets clients through 45 offices across North America. Each company has a 40-plus year history fortified by strong, stable leadership and a like-minded focus on service excellence and stewardship. The firms share a multifaceted consulting approach to real estate services, and engagements across borders are seamlessly managed by a single point of contact.
“As one of the biggest real estate advisors for corporate Canada, we know how important local market expertise is when making a real estate decision,” said Devencore CEO Jean Laurin. “This partnership ensures both firms have the best resources at their disposal when advising clients on sophisticated real estate matters. Transwestern brings both the product knowledge and service mentality we expect from our own teams.”
Because all companies are operating from an increasingly global mindset, a well-respected partner is imperative when assisting corporate clients outside existing markets with services such as site selection, tenant representation, workplace strategy and facilities management. Similarly, in the past year, Canadian
investors have been the most active buyers of U.S. commercial real estate, accentuating the need for highly capable, on-the-ground agency leasing and capital markets teams that are poised to add value to real estate portfolios.