HOUSTON, Jan. 16, 2014 /PRNewswire/ -- Transwestern's Houston headquarters today announced the acquisition of Epic Realty Partners, one of the premier industrial real estate groups in metropolitan Chicago. Transwestern adds a 20-member team of experienced industrial professionals that significantly increases the power and scope of its industrial services in Illinois and nationally. The transaction establishes Transwestern as one of the top five industrial real estate providers in the largest industrial market in the U.S.
Epic Realty Partners specializes in the leasing, sale, management and development of warehouse, distribution and manufacturing facilities to corporate tenants, as well as institutional and individual property owners. In 2013, Epic completed 225 transactions totaling 9.2 million square feet, with an aggregate value of $216.7 million. The newly acquired firm will operate from its office in Rosemont, Ill.
"The strategic acquisition of Epic's expert team advances Transwestern's industrial services in the Chicago metro and adds to the depth of the firm's industrial platform," said Mike Watts, Transwestern's Midwest president. "The new team will collaborate with Transwestern brokers located in 34 U.S. cities to better serve our growing institutional client base and occupiers that have multi-market requirements."
"Epic joined Transwestern because we knew the firm's full-service offerings could expedite our aggressive expansion plans," said John Coleman, executive managing principal of Epic. "We took the time to find the right partner that would deliver the best available real estate services to our clients."
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern and @TranswesternCHI.