TORONTO, CANADA—Marcus & Millichap, a leading Calabasas, CA-based commercial real estate investment services firm, has opened three offices in Canada.
The firm now has offices in Toronto, Calgary and Vancouver, according to John Kerin, president and chief executive officer. Gary Lucas, a senior vice president of the firm, will oversee its Canadian operations.
Daniel Holmes will run the day-to-day operations of Marcus & Millichap Real Estate Investment Services Canada Inc., Brokerage in Toronto as regional manager. Chris Anderson will act as Marcus & Millichap’s regional manager in Vancouver. Lucas will manage the Calgary office.
“Opening offices in Toronto, Calgary, and Vancouver is a natural extension of the unique investment brokerage platform we have perfected over the past 43 years throughout the U.S. Our system of matching commercial properties with the largest pool of qualified buyers will benefit our clients in Canada and the U.S. by expanding their acquisition choices as buyers, and accessing more qualified investors as sellers,” says Kerin. “We look forward to adding value by bringing our industry-leading research, innovative technology and extensive management support to our agents and clients in Canada.”
“Commercial real estate investors in Canada now have convenient accessibility to a platform with a proven track record of success; not only for investing in Canada’s markets but for investing in competitive markets across the United States as well,” says Lucas.
“In 2013, Canadians invested roughly $11.2 billion in commercial real estate in the United States where Marcus & Millichap has been established, and successfully expanding, since 1971,” added Holmes.
In 2013, Marcus & Millichap set a new record in sales volume and transactions. This achievement, along with the milestone of a successful public offering in October 2013, is a testament to Marcus & Millichap’s leading market position and 43-year tradition of results.