Transwestern is a privately held real estate firm providing Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research to owners of commercial real estate.
History
In 1978, the company was founded as a
real estate development company.
During the recession of the late 1980s and early 1990s, the company converted into a services business.
[
Beginning in 1994, the company expanded into the West, Southwest and Midwest regions of the United States.][
In 1995, the company acquired Delta Associates, a provider of market research.
In 1998, the company acquired Carey Winston, the largest commercial real estate broker in the ]Washington, D.C. metropolitan area
The Washington metropolitan area, also commonly referred to as the National Capital Region, is the metropolitan area centered on Washington, D.C. The metropolitan area includes all of Washington, D.C. and parts of the states of Maryland, Virgin ...
.[
In January 2001, the company brokered a $113 million, 15-year lease for ]Oblon
Oblon, McClelland, Maier & Neustadt, L.L.P. (often abbreviated to Oblon) is an intellectual property law firm in Alexandria, Virginia. Founded in 1968 by Norman F. Oblon, Oblon is one of the largest law firms in the United States focusing exclus ...
in Arlington, Virginia.
In January 2011, Transwestern acquired Fort Worth-based NAI Huff Partners.
In September 2013, Transwestern acquired the Boston firm of Richards Barry Joyce & Partners LLC.
In January 2014, the company acquired Epic Realty Partners LLC, based in Chicago, Illinois, to grow its industrial business.
In March 2014, the company formed a joint venture with the principals of Chicago-based Ridge Property Trust called Ridge Development to expand its industrial development platform.
In February 2015, Transwestern Strategic Partners, the discretionary investment management arm of the company, acquired a property in Scottsdale, Arizona for $58.5 million.
In March 2017, the company acquired Chicago-based tenant advisory firm Tru Office Advisors.
References
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Real estate companies established in 1978
Companies based in Houston
Real estate services companies of the United States