Real estate services firm Avison Young has acquired Phoenix, AZ-based GPE Management Services LLC and GPE Commercial Advisors LLC, entities doing business as The GPE Companies. The acquisition represents Avison Young’s first office in Arizona, its 52nd office in the U.S., and an additional step in the firm’s ongoing aggressive growth and expansion strategy.
Over the past seven years, Avison Young has grown from 11 to, now, 77 offices in 70 markets and from 300 to more than 2,200 real estate professionals in Canada, the U.S., Mexico and Europe. The firm is led by Mark E. Rose, company Chair and CEO.
GPE Companies is a privately held, third-party real estate firm that has been serving a range of clients, from private individual investors to publicly traded corporations to international investment groups, for the past 43 years in Arizona. GPE is a leader in Arizona’s commercial real estate market, offering services for all property types, including office, retail, flex/industrial and land.
In addition, the firm has a division specializing in all areas of healthcare real estate. Over the past four decades, the company has facilitated acquisitions and sales transactions exceeding $2.5 bil in real estate value. GPE also represents 6 msf of commercial space under management in the Phoenix metro area.
Today’s acquisition brings Avison Young’s total retail, industrial and office properties under management in North America to approximately 100 msf. Terms of the acquisition were not disclosed.
Effective immediately, GPE is rebranded as Avison Young. The change in ownership adds 29 employees to Avison Young’s operations, including David Genovese, Julie Johnson and Alexandra Loye, who become Principals of Avison Young. Genovese also becomes Managing Director of the company’s Phoenix office. He will focus on overseeing the growth and development of Avison Young’s presence in the Phoenix region, servicing new and existing clients, and managing the day-to-day operations of the office. Genovese brings to Avison Young 30 years of commercial real estate experience – all with GPE, where he was most recently President, designated broker and principal.
Also joining Avison Young from GPE are Nicholas Pelusio, Bret Isbell, Kevin Helland, Kristie Jones, Brooke Askew-Rossi, Lei Anne Oborne, Dominic Perry, Gail Brown, Jennifer Pliska, Laurie Sandau, Linda Robbins, Tracey Galligan, Tom Kimsey, Marion Chaney, Gregory Leverton, Becky Bishop, Esther Grabowsky, Gina Gringle, Jonathan Collins, Jason Gutierrez, Angela Williams, Jen Day, Amanda Knight, Rogelio Martinez, Jamie Svobodo and Ronald Genovese (company founder).
GPE was ranked the number one brokerage firm (24 brokers or fewer and medical categories) in AZ Big Media’s 2016 “Ranking Arizona: The Best of Arizona Business” list, and among the top five in the industrial, property management and best workplace culture categories, and among the top 10 in the retail and land categories.
|