TORONTO-Continuing an acquisition binge, locally-based Avison Young has acquired Atlanta-based Hodges Management and Leasing Co., which handles a portfolio of about 19.3 million square feet in Atlanta, Tennessee and Florida. Avison took over Tysons Corner, VA-based Appian Realty Advisors LLC in early July.
Mark Rose, chairman and CEO of Avison, tells GlobeSt.com that his firm will continue to snatch up management companies in the United States this year. “We expect to continue to add major US markets. The next three on our plate are Los Angeles, New York City and Boston, and we may also add Dallas this year as well,” he says.
The 177-building acquisition boosts Avison’s management portfolio to 50 million square feet of retail, industrial and office properties in Canada and the United States. The company opened its first US-based office last year in Chicago, and has followed with these new offices, as well as Washington, DC and Houston.
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