Savills Acquires Advisory Firm T3 Advisors
With the acquisition of the commercial real estate and workplace solutions advisory firm, Savills aims to enhance its real estate solutions for life science and technology companies.
NEW YORK – Savills has acquired the commercial real estate and workplace solutions advisory firm, T3 Advisors.
Through the acquisition, Savills aims to continue the expansion of its North American business and it aims to enhance its real estate solutions for life science and technology companies.
T3 Advisors will be rebranded as T3 Advisors, a Savills Company.
T3 Advisors CEO and founder, Roy Hirshland will assume the role of vice chairman at Savills. Hirshland will continue to lead T3 Advisors and he will focus on integrating the group’s real estate advisory approach into Savills’ global platform.
T3 Advisors has served as a consultant for life sciences and technology firms, regarding all aspects of the real estate decision-making process, since its inception in 2001.
With offices in Boston, New York, San Francisco and Palo Alto, T3 Advisors provides occupiers with real estate and workplace solutions and strategic consulting, advisory and transaction services. The firm works to offer innovative, sound real estate advice to CEOs navigating change. T3 Advisors also provides opportunities for entrepreneurs to connect with resources in order to build companies.
Upon the acquisition, T3 Advisors will utilize Savills’ platform and global reach to expand its real estate and workplace services across the US, UK, Europe, and the Asia Pacific.
T3 Advisors’ managing partners, Austin Barrett, David Bergeron and Mark Cote will become EVPs at Savills.
“I am passionate about providing our clients and our team with the very best and most innovative platform for success with a true global reach,” states Hirshland. “This is a merger that we have been considering carefully over some time, and I couldn’t be more excited about the next phase of T3′s journey. I am proud to be part of the leadership team as we continue to expand the innovative, unique real estate and workplace services that we provide to clients.”
“T3′s innovative approach to serving clients in the life sciences and technology communities aligns perfectly with Savills strategic objectives,” states Mitchell E. Rudin, Savills’ North America chairman and CEO. “We are looking forward to working with T3 across our platform to expand relationships with existing and new clients, building upon the momentum we already have developed, opening six new offices successfully in the past two years.”