The combined offices, with more than 30 employees, will retain the Terranomics name and will offer a full range of retail services out of Terranomics' San Francisco office. The acquisition means an additional four brokers - including independent broker Tom Fazekas - for Terranomics' San Francisco office and sought-after accounts such as Kinkos and Starbucks. Terms of the deal were not available.
"They are a high-end tenant representation firm," says Jason Berry, BT chief operating officer. "We can feed them business to Los Angeles, so its a win-win for both of us." Epsteen's Los Angeles and San Diego offices, dominant in Southern California, will remain independent.
Terranomics, a wholly-owned subsidiary of San Jose-based BT Commercial Real Estate, is headquartered in San Francisco's Union Square. The company currently represents more than 10 million-sf of shopping center space in the Bay Area, with a client list that includes Dean & DeLuca, Target, Bed, Bath & Beyond, and AMC Theaters, while Epsteen's Northern California client list includes Starbucks and Whole Foods, William-Sonoma.
Calling the latest merger an ideal blend, Matt Kircher, managing partner for Terranomics says, "Epsteen's specialty is retail tenant representation, which meshes perfectly with our shopping center expertise and tenant services. It's a win-win for clients of both firms."The merger with Los Angeles-based Epsteen & Associates - which was finalized late last month - will create a one-stop shop for clients, says Kircher.
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