Business actual property advisory agency Cresa has acquired New York-based brokerage Vicus Companions. Each companies completely signify tenants.
Led by founders Bert Rosenblatt and Andrew Stein, alongside former COO Gabi Koshgarian, the nine-person workforce of Vicus Companions will be part of Cresa’s New York workplace, which is headed by Managing Principals Peter Sabesan and Richard Selig.
Vicus Companions, based in 2007, is a boutique-type agency that has a portfolio of tenants starting from startups to Fortune 500 corporations in numerous fields, together with promoting and media, finance, nonprofit, regulation, tech and schooling, amongst others.
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Based in 1993, Cresa got here to life as an alliance of 5 business actual property companies that completely served tenants. By 2008, the corporate already expanded to 50 workplaces. Tod Lickerman, former Cushman & Wakefield Americas CEO, got here on board in 2021 as CEO of Cresa.
The agency has additionally been increasing its presence in Texas with the acquisition of two corporations final yr. In Might 2022, Cresa acquired Frisco-based ESRP. The deal included 24 brokers set to make the transition to their new firm. Close to the top of 2022, Cresa additionally bought Austin-based Elevate Development Companions, one other tenant illustration agency, with a give attention to corporations within the tech house.
Cresa’s latest brokerage exercise
Cresa negotiated a number of headline-grabbing offers on behalf of workplace and industrial tenants up to now few months. In February, the agency represented Careismatic Manufacturers in signing a long-term lease for a 1 million-square-foot facility in Dallas.
One other deal in the identical market noticed Cresa signify coworking supplier Lucid Non-public Places of work in signing a 31,000-square-foot lease at Billingsley Co.’s Worldwide Enterprise Park in Plano, Texas.