CBRE Acquires Peloton Operations
In 2017, CBRE and Peloton’s San Antonio combined operations involved $681 million of sales and leasing transactions and it currently manages and/or leases more than 20 million square feet.
SAN ANTONIO—CBRE Group Inc. has acquired the San Antonio operations of Peloton, a full-service commercial real estate firm in Texas. The acquisition makes CBRE a leading provider of commercial property leasing, sales and management services in the growing San Antonio market. In 2017, CBRE and Peloton’s San Antonio combined operations involved $681 million of sales and leasing transactions, and it currently manages and/or leases more than 20 million square feet of commercial property in the San Antonio market.
“The combination of CBRE and Peloton creates San Antonio’s top real estate services brand, which will deliver superior results for our clients and expanded opportunities for our professionals,” said Michael Caffey, president of the Texas and Oklahoma Division and Latin America, CBRE.
Peloton in San Antonio is led by Gardner Peavy, who joins CBRE as managing director for San Antonio. He will be joined by 26 colleagues from the Peloton San Antonio operations. Peavy will report to Scott Senese, who leads CBRE’s Austin and El Paso operations. The combined workforce of the two companies totals nearly 300 employees in San Antonio.