Canadian real estate services company Avison Young has acquired the assets of Mason Partners, a Houston-based commercial real estate brokerage company.
The acquisition will further expand Avison Young's market and business-line coverage in Texas. Terms of the acquisition have not been disclosed.
Mason Partners offers tenant representation, landlord representation and investment sales to real estate users, owners and investors on a local, regional and national basis. The firm provides services related to all property sector types, while specialising in land and corporate transactions.
Past client assignments have involved companies such as Victory Packaging, Hines, The Lionstone Group, Centerpoint Energy, The Houston Metroplolitan Transit Authority, AIG, BP Amoco, Weatherford International, and Service Corporation International.
Effective immediately, Todd Mason (co-founder and partner of Mason Partners) and Jeff Lindenberger (co-founder and managing partner) join Avison Young as principals. Tommy LeBlanc also joins as a broker and Andrea Gardner as a client services coordinator.
"Houston is the energy capital of the world and a critical growth market for Avison Young. The acquisition of Mason Partners allows us to partner with some of the top brokers in Houston, and immediately creates a strong presence for Avison Young in Houston's robust land market," says Mark E Rose (pictured), chair and chief executive of Avison Young. "Todd and Jeff are consummate real estate professionals, and while they have diverse disciplines, they are truly focused on providing their clients with solutions to complex issues. Our respective firms are a great cultural fit for each other, and we are very excited that Todd, Jeff, Tommy and Andrea have chosen to come on board."
Over the past four years, Avison Young has grown from 11 to 43 offices and from 300 to more than 1,100 real estate professionals across Canada and the US.
Avison Young opened its Houston office in June 2010 followed by a Dallas office in July 2011.
Effective immediately, Mason, Lindenberger and team join Avison Young's existing office in Houston at Williams Tower, 2800 Post Oak Boulevard, Suite 1950.
"Taking care of our clients is first and foremost, and we believe the client-service model at Avison Young is second to none," says Mason. "In addition, our skill sets are very accretive and complementary to those of the Houston team and Avison Young as a whole. Of course, culturally, we feel right at home with the Avison Young people, and that was very important to us as well."