NEW YORK, NY – Savills and SRS Real Estate Partners have formed a strategic alliance. As a result of the alliance, the two companies’ clients will gain access to additional retail experts and market-leading services in commercial retail advisory.
The alliance will enhance Savills’ existing North American retail capabilities and supplement its ability to provide seamless advisory services to retail occupiers, investors and owners, internationally.
“We are excited to strengthen our alliance with Savills – a globally-respected real estate advisor,” states Chris Maguire, CEO and chairman of the board for SRS. “This alliance is the latest example of SRS evolving to meet growing client needs. For our clients whose needs extend beyond retail and outside of the US, this is big news. We’ve taken meaningful steps to ensure consistent delivery of service across both firms so that you have a strategic partner you can trust for all of your real estate needs.”
SRS represents the largest North American real estate firm dedicated solely to servicing retail clients, with 300 professionals across 27 offices. During the past year, SRS has represented more than 1,100 clients and completed more than $4.5 billion in transactions, while representing more than 1,700 property listings. Within the U.S., the firm represents 83 of the top 100 restaurant chains, 74 of the top 100 retailers and 49 of the top 100 retail owners.
“The U.S. is one of the biggest retail markets globally with estimated retail sales expected to total nearly $4.5 trillion in 2021, making the U.S. a key target for expanding international brands,” says Mitchell E. Rudin, chairman and CEO of Savills North America.
Rudin adds, “We already have one of the strongest retail teams in Canada. Aligning with SRS, a widely-respected and accomplished national retail advisory firm, deepens our capacity for solving clients’ real estate challenges and cultivating a formidable global retail presence in the US also.”
In the past 12 months, the Savills prime global retail team has been involved in high-profile flagship retail transactions, internationally, including 711 Fifth Ave. New York, 777 Saint Catherine in Montreal, the renowned Topshop building on Oxford Street in London, and 270 Orchard Rd. in Singapore. The Savills team is also working on the occupier side with numerous evolving retail brands, such as Restoration Hardware, Ralph Lauren, JD Sports and Polestar.
“We are thrilled with the opportunities this alliance has instantly created for us,” said Jordan Karp, EVP and head of retail services for Savills Canada. “Savills clients will receive extended, best-in-class service and advisory south of the border as a benefit from this alliance.”