CHICAGO—Transwestern has just deepened its presence in the Chicago metro area by acquiring Epic Realty Partners, an industrial real estate group in suburban Rosemont which recently ended a partnership with Newmark Grubb Knight Frank. The addition of Epic’s 20-member team will establish Houston-based Transwestern as one of the region’s top five industrial real estate providers, Transwestern officials say.
Epic handles a full range of services including the leasing, sale, management and development of warehouse, distribution and manufacturing facilities for tenants and landlords. In 2013, it completed 225 transactions totaling 9.2-million-square-feet and worth $216.7 million. The newly-acquired firm will operate from its Rosemont office.
“The strategic acquisition of Epic’s expert team advances Transwestern’s industrial services in the Chicago metro and adds to the depth of the firm’s industrial platform,” says Mike Watts, Transwestern’s Midwest president. “The new team will collaborate with Transwestern brokers located in 34 US cities to better serve our growing institutional client base and occupiers that have multi-market requirements.”
“Epic joined Transwestern because we knew the firm’s full-service offerings could expedite our aggressive expansion plans,” says John Coleman, executive managing principal of Epic. “We took the time to find the right partner that would deliver the best available real estate services to our clients.”