“This strategic acquisition is an important move that will significantly strengthen our presence in the Tri-State market, creating new avenues for business growth and development, in addition to expanding our service capabilities for existing clients,” says Earl Webb, president of Avison Young's U.S. Operations. “We look forward to working with our new colleagues to capitalize fully on the depth of relationships and expertise that they bring to our organization.”

The acquisition brings to about 70 million square feet Avison Young's total retail, industrial and office properties under management in Canada and the US.

“The acquisition of Kwartler Associates is critical to the expansion of our asset-services platform in the Tri-State area,” says Arthur Mirante, Avison Young principal and Tri-State president. “Kwartler brings a proven track record of high-level management and consulting services in some of the region's most active markets. We look forward to the contributions our new teammates will make in further enhancing Avison Young's position in the regional marketplace.”

Kwartler Associates has a seasoned team of property managers, brokers, in-house portfolio accounting managers and administrators. In addition to Frank, other senior team members joining Avison Young as a result of the acquisition include Marc Krieger, senior vice president, and Alex Kwartler, senior analyst.

“Kwartler will deliver an impressive existing portfolio of assignments and the leadership to match,” says Jeffrey L. Heller, principal and managing director of Avison Young's New Jersey office. “We are confident in our ability to leverage this infusion of talent and resources to support our existing and future client base.”

Kwartler Associates specializes in class A office properties, warehousing and industrial buildings, and high-tech free-standing flex properties, spread throughout Bergen, Morris, Middlesex, Somerset, Essex and Hudson counties in New Jersey, and in Queens, New York. The company is highly respected in the region for its full range of real estate services to institutional investors, equity partnerships, private property owners and corporate tenants.

Avison Young entered the tristate market in April 2012 with the opening of the company's first New York City office. The firm opened its New Jersey office in September 2012, which was followed by the opening of a Long Island office in August 2013 and Fairfield/Westchester office in June 2014.

“Avison Young offers the nationwide market footprint and differentiated culture that are extraordinarily attractive to our company as we seek to build upon our success in the region,” says Frank. “This transaction provides a profound opportunity to contribute to Avison Young's broad platform of asset services while harnessing the synergies of these two financially sound, collaborative organizations.”

Over the past five years, Avison Young has grown from 11 to 59 offices and from 300 to more than 1,600 real estate professionals across Canada and the U.S., and in Europe.