ORLANDO—CNL Commercial Real Estate is acquiring the property management services business of Faison Enterprise. Faison is located in Charlotte, giving CNL an even stronger foothold in the market.
Faison's services business oversees the management and leasing of nearly 7 million square feet throughout the Southeast. Faison will become a CNL customer.
“This marks another partnership for us with a tremendous brand in the commercial real estate world and is an affirmation of the type of company we continue to build, one that is attractive to the top talent and customers in our space,” Paul Ellis, group president of CNL Commercial Real Estate, tells GlobeSt.com. The acquisition adds 39 associates to the CNL family.
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