CHICAGO—As reportedyesterday in GlobeSt.com, Studley, aNew York-based real estate firm, will complete a merger withLondon-based Savills plc by the end of May andadopt the name Savills Studley. And Studleyofficials in its Chicago office, which has about 30 brokers, saythe move could bring them major corporate clients eager to takeadvantage of their new cross-border capabilities.
“It will give us the opportunity to seek business with greatcompanies that over the years we've elected not to pursue,”John Goodman, the head of the Chicago office,tells GlobeSt.com. Studley specializes in tenant representation,“and our platform has been growing, but it's thin on theinternational side,” a gap that a global firm like Savills canfill. And joining up with Savills means Studley will also gain afacilities management capability, another potential lure forclients.
“We've resisted building a facilities management platform, maybebecause we felt it was too big of a hill for us to climb on ourown,” he says. But many Fortune 250 companies really need thatpiece, as well as the international breadth that Studley has lackedup until now.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
