Industry veteran will lead day-to-day operations for company's three regional offices
TORONTO, June 30, 2015 /PRNewswire/ - Mark E. Rose, Chair and CEO of Avison Young, the world's fastest-growing commercial real estate services firm, announced today the appointment of Avison Young Principal Josh Peyton as Managing Director of the company's Washington, DC region.
Effective immediately, Peyton will manage the day-to-day operations of Avison Young's Washington, DC, Tysons Corner, VA and Suburban Maryland offices, and facilitate the company's ongoing expansion in the Washington-Baltimore Corridor.
Peyton brings 13 years of commercial real estate experience to bear on his leadership role at Avison Young. He joined the Washington, DC office in March 2010 as a Principal. Prior to joining Avison Young, he was a Senior Vice-President with Grubb & Ellis Company.
"We are very pleased to promote Josh to lead this region's future expansion. His considerable talent and deep knowledge of the Washington, DC market will further strengthen the Avison Young platform," comments Rose. "We are proud of placing like-minded individuals who embrace our culture of integrity into leadership positions, and we are confident that Josh possesses the requisite background, commitment and skills to excel as Managing Director."
According to Earl Webb, Avison Young's President, U.S. Operations: "I am confident that Josh will continue the phenomenal growth trajectory established by Keith Lipton, former Managing Director for the Washington, DC region. Josh's appointment underscores our ongoing commitment to provide the broadest and most comprehensive range of real estate services to our clients."
Avison Young announced yesterday that Lipton, after spending nearly six years as Managing Director of the Washington region and overseeing a strong period of growth, will lend his expertise to national expansion and management as Chief Operating Officer for the U.S.
"I have known Josh for many years and I believe having someone of his caliber and experience to lead this region will help us recruit new talent while maintaining the highest standards of client service," states Lipton.
Peyton started his commercial real estate career in 2002 as a tenant representation specialist at Transwestern, where he provided his clients with full-service commercial real estate counsel including strategic planning, portfolio management, lease negotiations and space planning. He joined Grubb & Ellis in 2006 and, as a member of the tenant advisory group specializing in tenant representation and new business development, received the rising star award for the DC region in 2008.
During his career, Peyton has successfully negotiated office transactions for a diverse client base, including Fortune 500 companies, law firms, associations and non-profits. He holds a Bachelor of Arts degree in communications from Marymount University and sits on its Board of Visitors.
"I am extremely proud of my long association with Avison Young and look forward to continuing my career with the outstanding group of Principals who display the Avison Young culture every day through their collaborative work and client-first focus," says Peyton. "The positive trajectory of Avison Young's growth globally in a relatively short period of time has been very exciting to watch. I look forward to the opportunity to expand Avison Young's platform in the DC market as well as working with the other Managing Directors across the company to further grow Avison Young's brand in the U.S., Canada and overseas."
Avison Young opened its first Washington, DC office in November 2009 with three employees. Since that time, the firm has acquired Appian Realty Advisors, LLC; Millennium Realty Advisors, LLC; Realty Management Company; and McShea & Company, Inc. in the region, and opened additional offices in Tysons Corner, VA (2010) and Suburban Maryland (2012). The company now has a total of 250 employees in its Washington, DC, Tysons Corner and Suburban Maryland offices.
Over the past six years, Avison Young has grown from 11 to 67 offices and from 300 to more than 1,900 real estate professionals in Canada, the U.S. and Europe.
Today's appointment comes on the heels of Avison Young announcing yesterday the promotions of Mark Fieder to Chief Operating Officer, Canadian Operations, and Keith Lipton to Chief Operating Officer, U.S. Operations.
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 1,900 real estate professionals in 67 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.
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For further information/comment/photos:
- Sherry Quan, Principal and Global Director of Communications & Media Relations, Avison Young: 604.647.5098; cell: 604.726.0959
- Mark Rose, Chair and CEO, Avison Young: 416.673.4028
- Earl Webb, President, U.S. Operations, Avison Young: 312.957.7610
- Keith Lipton, Chief Operating Office, U.S. Operations, Avison Young: 202.644.8683
- Josh Peyton, Principal and Managing Director, Washington, DC region, Avison Young: 202.644.8688
Avison Young was a winner of Canada's Best Managed Companies program in 2011, 2012 and 2013 and has demonstrated its commitment to the program and successfully reapplied for the designation as a Gold Standard winner in 2014.
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SOURCE Avison Young Commercial Real Estate (BC)