September 27, 2019
Avison Young will assume operation of Wilmette, IL-based Alter Asset Management’s (AAM) office portfolio assignments in Pennsylvania, Georgia, New Jersey and Illinois. The assignment from the Alter Group’s management arm adds nearly one million square feet of Class A office assignments to Avison Young’s portfolio.
The portfolio includes properties owned by Alter as well as other third-party ownership groups. This is in alignment with Avison’s property management growth strategy driven by Chicago-based managing director Randy Waites.
“We are pleased to transition the national portfolio to a firm of the quality of Avison Young,” said Samuel F. Gould, AAM’s president. “Over the last half century, our firm has built one of the country’s most elite teams, committed to optimizing the tenant experience and driving NOI on behalf of our clients.”
Over the next 24 months, Alter will have close to two million square feet of new development underway across the country.
Pictured: Randy Waites.
For comments, questions or concerns, please contact Paul Bubny