Toronto-based Avison Young has acquired Landry & Associates Inc., a Las Vegas-based commercial property management firm. The purchase is expected to add 2.6 million square feet to Avison Young's approximately 50 million square feet of retail, industrial and office properties already under management in Canada and the U.S.
This acquisition will provide Avison Young with its third Nevada office; it opened a Las Vegas office in November 2011 and a Reno office in March 2012.
‘This acquisition deepens Avison Young's presence in Nevada and is in line with the company's strategy to further strengthen our property management platform and capabilities in North America,’ says Mark E. Rose, chairman and CEO of Avison Young.
Terms of the acquisition were not made public.