Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-GVA Advantis has inked another merger agreement, this time with First Retail Partners, a retail brokerage and services company serving the DC area and Baltimore. First Retail Partners is becoming a wholly-owned subsidiary of GVA Advantis.

Roger Carlson and Scott Thiell, co-founders of First Retail Partners, are joining GVA Advantis as part of the transaction. GVA Advantis is using this latest merger–its second since it was recapitalized last summer by Jeff Neal–to grow its retail service line through both tenant and landlord representation, GVA’s president Tim Hague tells GlobeSt.com.

First Retail Partners’ clients include Panera Bread, Trader Joe’s Stores, Ruby Tuesday Restaurants, Kinko’s Copies, Hollywood Video, Washington Sports Clubs, Commerce Bank, Damon’s and World Market. The group has leased space in Potomac Yards Center, Hechinger Commons Shopping Center, Germantown Square Shopping Center and Meridian at Eisenhower Station.

Before they formed First Retail, Carlson and Thiell founded the retail brokerage divisions of Charles E. Smith Companies in 1988 and Madison Retail Group in 1997.

Earlier this year, GVA Advantis and Urban Realty Advisors inked a similar deal. This was a development services and project management expertise play for GVA Advantis–URA’s areas of expertise.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.