AUSTIN–Commercial Texas has been acquired by AvisonYoung as a way for the Canadian company to expand itscommercial real estate services in Texas.

“Austin combines a high quality of life along with anentrepreneurial business culture. Its reputation and prominence hasbeen growing right alongside the city's population,” Avison YoungCEO Mark Rose, tells GlobeSt.com. “It's home to atop-tier university, the state government and a myriad of majorcorporate employees, helping to create a well-balanced anddiversified economy with a constant ability to add and attracttalent. Additionally, it's experienced one of the healthy realestate markets across the US. Everything about the city appearspoised to have a bright future.”

Commercial Texas was founded in 1997 in orderto provide tenant and landlord representation, as well as sales andadvisory services to those in the office, retail, industrial andmultifamily sectors. The company worked with more than $67 millionin leases and sales transactions in 2013.