DALLAS— Dallas-based NAI Robert Lynn acquired Retail Realty, a retail focused real estate firm, after experiencing tremendous growth last year.
The acquisition expands NAI Robert Lynn's retail listings by approximately two million square feet in Dallas/Fort Worth. Retail Realty's property management operation of more than 200,000 square feet merged with NAI Robert Lynn as well.
"NAI Robert Lynn is thrilled to add the Retail Realty team to our growing firm. Their team's solid understanding of the landlord's viewpoint has led to success in representing retailers, and we expect the same success as a result of this acquisition," said Mark Miller, president of NAI Robert Lynn.
Retail Realty, formerly TriMarch Properties, added six professionals to the NAI Robert Lynn team. The firm specialized in representing retail landlords throughout the Dallas/Fort Worth area.
"We were limited in our growth capabilities, which led to our decision to work with a larger company. We chose NAI Robert Lynn because we were impressed with the way it runs its support team, and we saw tremendous value in the company's national and global reach," said Dan Avnery, president of Retail Realty.
NAI Robert Lynn says they have grown significantly in the past 10 years and in 2013 the firm had its "best year ever" with a revenue increase of nearly 20%. Additionally, the property management division grew by 28 percent last year, adding over 2.5 million square feet of space. NAI Robert Lynn provides brokerage services for office, industrial and retail properties, property management, investment sales and purchases.
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