18 September 2012

Canadian commercial real estate firm Avison Young opens first New Jersey office

Toronto, ON. – 18 September 2012 - Mark E. Rose, Chair and CEO of Avison Young, Canada’s largest independently owned commercial real estate services company, announced today the opening of its first New Jersey office to further grow the firm’s presence and business-line coverage throughout the Tri-State area. 

The newest American office marks Avison Young’s 16th location outside of Canada and an additional step in the firm’s aggressive growth and expansion strategy. Over the past three years, Avison Young has grown from 11 to, now, 34 offices in 30 markets and from 300 to more than 950 real estate professionals across Canada and the U.S. 

Effective immediately, Jeffrey L. Heller joins Avison Young as a Principal and Managing Director of the New Jersey office. A 26-year commercial real estate industry veteran, Heller will focus on overseeing the growth and development of Avison Young’s presence in New Jersey, as well as servicing new and existing clients and managing the day-to-day operations of the office. He was most recently an Executive Vice-President at CBRE in New Jersey. 

“The opening of our first office in New Jersey is an important part of our strategy to establish a strong presence in key markets throughout the U.S.,” comments Rose. “One of the largest office and industrial markets in the country, New Jersey presents significant opportunities to effectively introduce Avison Young’s differentiated approach to principal-led client service.” 

Today’s announcement comes on the heels of Avison Young opening its third Los Angeles office last week as a result of the firm’s acquisition of Los Angeles-based Starrpoint Commercial Partners, Inc. 

With the opening of new Avison Young offices in New York, San Francisco, Pittsburgh, and Charleston, South Carolina in the last few months, and the continued growth of the firm’s offices in Los Angeles and other key markets, the company is establishing its local corporate infrastructure through the assemblage of a hand-selected team of the industry’s leading professionals. Recruiting efforts are focused on Avison Young’s core business lines, including capital markets/investment sales, asset management, transaction management, leasing, project/construction management, property management, and consulting and advisory services. 

Centrally located along the East Coast, New Jersey is the most densely populated state and boasts the largest warehouse and distribution market (and one of the largest office markets) in the country. The Port of New York and New Jersey is the third largest port market in the U.S. and is the driver of significant space demand throughout the Garden State. Known for its concentration of pharmaceutical giants, as well as its role as an important secondary market for New York City’s financial sector, New Jersey offers extensive highway infrastructure and one of the mostly highly trained workforces in the U.S. 

Founded in 1978, Avison Young is Canada's largest independently-owned commercial real estate services company. Headquartered in Toronto, Ontario, Avison Young is also the largest Canadian owned, principal-managed commercial real estate brokerage firm in North America. 

Source: Avison Young