Avison Young Acquires Barry Real Estate Business Unit

ATLANTA-In a move to expand its leasing and management platform, Canadian real estate services firm Avison Young has acquired the majority of Barry Real Estate Co.s’ third-party business unit. The Atlanta-based developer’s property management and leasing portfolio adds about 600,000 square feet of office leasing and management properties to Avison’s 50 million square feet of assets under management in the U.S. and Canada. Financial terms of the deal were not disclosed.

Avison Young immediately assumes property management of four buildings in Atlanta totaling nearly 600,000 square feet: 30 Allen Plaza; Lenox Plaza; Lenox Center; and 2045 Peachtree. Avison Young will also handle the leasing in 30 Allen Plaza and 2045 Peachtree. Major tenants in 30 Allen Plaza include the Southern Company, and the law firm of Balch & Bingham LLP.