TORONTO, ON—Toronto-based AvisonYoung has acquired NewJersey-based asset management firm KwartlerAssociates. The purchasefurther expands Avison Young's business-line coverage in New Jersey andthroughout the tristate market, adding 27 employees to the firm'soffice in Morristown, NJ.
Established in 1980, Kwartler Associates manages more than 5.1million square feet of office, industrial and flex space acrossabout 50 assets. Included in this portfolio is more than 2.2million square feet of exclusive agency leasing and managementassignments in Bergen and Morris counties, two of New Jersey's mostactive and dynamic office and industrial submarkets.
Kwartler President DanielFrank becomes a principal with AvisonYoung. He'll oversee oversee business development for thefirm's asset and property management business in the New Jersey andsuburban tristate markets, and manage AvisonYoung's real estate development services on behalf ofinstitutional owners, including site selection, propertyacquisition, entitlements, and construction and dispositionservices in those markets.
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