Canadian Commercial Real Estate Firm Sets Up Shop in U.S. Capital

As part of its aggressive U.S. expansion plan, Avison Young, the Canadian commercial real estate services company, announced the opening of a newly formed Washington, D.C. office. The new American office, the first of several planned for the region, will be located in downtown D.C. It will mark Avison Young’s second location outside of Canada.

Avison Young has more than 500 real estate professionals in 12 offices across Canada and in Chicago, Illinois. Over the past year, the company has pursued an active acquisition and expansion strategy to enhance its Canadian operation. In December 2008, the company completed its national merger process, creating a single national corporate entity. In that same month, the company acquired Darton Property Advisors and Managers, establishing Avison Young as one of Canada’s largest independently owned, third-party commercial property management firms. In January 2009, the company opened its first U.S. office in Chicago.