Transwestern Commercial Services and Devencore Establish U.S.-Canadian Strategic Alliance

Extends Multi-Disciplinary Commercial Real Estate Services of Both Firms

HOUSTON and MONTREAL, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Transwestern Commercial Services and Devencore, two privately owned, leading commercial real estate firms based in the United States and Canada, respectively, today announce a strategic alliance, extending their integrated commercial real estate services capabilities across North America to serve clients globally. Specifically, the companies will collaborate on cross-border occupier, agency, and capital markets opportunities, and provide research, marketing and consulting support for existing and future clients.

“We are very pleased to have established a strategic relationship with one of Canada’s preeminent and most highly regarded commercial real estate firms,” said Larry P. Heard, Chief Executive Officer of Transwestern. “A commitment to client service excellence, innovation and comprehensive solutions are just a few of the shared attributes that make this union compelling. We are confident our alliance partnership with Devencore will be productive and rewarding on many fronts – starting with our clients.”

Transwestern and Devencore together offer comprehensive services to a diverse range of occupier, owner and capital markets clients through 45 offices across North America. Each company has a storied 40+ year history fortified by strong, stable leadership and a like-minded focus on service excellence and stewardship. The firms share a multi-faceted consulting approach to real estate services and engagements across borders that will be seamlessly managed by a single point of contact.

“As one of the biggest real estate advisors for corporate Canada, we know how important local market expertise is when making a real estate decision,” said Devencore Chief Executive Officer Jean Laurin. “This partnership ensures both firms have the best resources at their disposal when advising clients on sophisticated real estate matters. Transwestern brings both the product knowledge and service mentality we expect from our own teams.”

Because all companies are operating from an increasingly global mindset, a well-respected partner is imperative when assisting corporate clients outside existing markets with services such as site selection, tenant representation, workplace strategy and facilities management. Similarly, in the past year, Canadian investors have been the most active buyers of U.S. commercial real estate, accentuating the need for highly capable, on-the-ground agency leasing and capital markets teams that are poised to add value to real estate portfolios.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Occupier Solutions, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients from more than 220 offices in 36 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.

ABOUT DEVENCORE
Founded in 1972, Devencore is one of the largest privately held corporate real estate brokerage and advisory firms in Canada. We offer comprehensive services that are specifically designed to ensure that all real estate decisions are supported by effective real estate strategies and professional execution. Devencore has offices in Toronto, Montréal and Vancouver, as well as affiliated offices in Calgary, Edmonton, Moncton, Halifax, Québec City and Victoria. We assist clients with their U.S. real estate needs through a strategic alliance with U.S.-based Transwestern. To learn more, visit www.devencore.com