Leading broker becomes Principal, will head local investment sales practice
PHILADELPHIA, July 21, 2016 /PRNewswire/ - David Fahey, Avison Young Principal and Managing Director of the company's Philadelphia office, announced today that highly regarded commercial real estate investment specialist Adam Gillespie has joined the firm in Philadelphia.
Effective immediately, Gillespie becomes a Principal of Avison Young and will lead the Philadelphia office's local investment sales practice. In addition, he will continue to service new and existing clients in the mid-Atlantic region. Gillespie brings 16 years of commercial real estate experience to Avison Young, most recently as senior vice-president of investment sales at SSH Real Estate in Philadelphia.
"We are very excited to have Adam, who is an established industry leader, join our team here in Philadelphia," comments Fahey. "Adam's deep industry experience and sound reputation will significantly help us expand our platform in the investment sales market. As we continue to grow in Philadelphia, Adam is the perfect resource to add as we start to establish a capital markets footprint in the region."
During his career, Gillespie has specialized in the sale and financing of investment properties in the mid-Atlantic region. He has negotiated more than $1.9 billion in transactions, including single-asset and regional portfolio sales ranging in value from $1 million to $133 million. His clients include private-equity firms as well as REITs that own office, apartments and industrial product in the region. Gillespie's notable sales include Center Square Towers in Bucks County, The Suburban Office Building on the Main Line, and The Sansom in Center City, Philadelphia.
Gillespie holds a Bachelor of Science degree in finance and marketing from the University of Dayton, where he graduated magna cum laude. He earned his Certified Commercial Investment Member designation in 2015 and has been recognized as a CoStar Power Broker. In his community, Gillespie volunteers with the Greg Wolf Fund, a non-profit organization dedicated to funding targeted blood cancer research and providing financial support to families battling leukemia.
"This is an exciting opportunity to take a transformative position within Avison Young and expand upon the services that we bring to clients in the Philadelphia region," says Gillespie. "I'm eager to be part of Avison Young's Principal-led ownership model and look forward to collaborating with Avison Young's national and international investment sales professionals, as well as our strong Philadelphia leasing team, to be on the forefront of trends in the marketplace."
Avison Young opened its Philadelphia office in September 2013 as part of the firm's ongoing, aggressive U.S. expansion strategy. In May 2015, the company grew its Philadelphia-area operations by acquiring Wayne, PA-based project management firm Remington Group, Inc., which was rebranded as Avison Young. Since then, Avison Young has steadily expanded in the Philadelphia region.
Over the past seven years, Avison Young has grown from 11 to 78 offices and from 300 to more than 2,400 real estate professionals in Canada, the U.S., Mexico and Europe.
Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 78 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
For further information/comment/photos:
- Sherry Quan, Principal, Global Director of Communications & Media Relations, Avison Young: 604.647.5098; cell: 604.726.0959
- David Fahey, Principal and Managing Director, Philadelphia, Avison Young: 610.276.1081
- Adam Gillespie, Principal, Avison Young: 610.276.3153
- Earl Webb, President, U.S. Operations, Avison Young: 312.957.7610
- Mark Rose, Chair and CEO, Avison Young: 416.673.4028
Avison Young was a winner of Canada's Best Managed Companies program in 2011, 2012, 2013 and 2014 and requalified in 2015 to maintain its status as a Best Managed Gold company
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SOURCE Avison Young Commercial Real Estate (BC)