Welcome!

News Feed Item

Avison Young acquires PSB Realty Advisors, opens new office in Columbus, Ohio

Fast-growing commercial real estate services firm opens 39th U.S. office; Scott Pickett becomes Managing Director

TORONTO, Jan. 15, 2014 /PRNewswire/ - Mark E. Rose, Chair and CEO of Avison Young, the world's fastest-growing commercial real estate services firm, announced today that it has acquired Columbus, Ohio-based PSB Realty Advisors LLC, and opened a new office in Columbus, OH.

The newest American office represents Avison Young's 39th office outside of Canada and an additional step in the firm's ongoing aggressive growth and expansion strategy.

Over the past five years, Avison Young has grown from 11 to, now, 54 offices in 43 markets and from 300 to more than 1,500 real estate professionals across Canada and the U.S.

Founded in 2008, PSB Realty Advisors is a full-service real estate services company providing commercial real estate investment, brokerage, management and development services for office, retail, multi-family and industrial properties.

As a result of the acquisition, Avison Young will assume a significant leasing and management portfolio including the 20-story, 225,000-square-foot (sf) Key Bank tower in downtown Columbus.

Effective immediately, Scott Pickett becomes a Principal of Avison Young. Formerly President and principal owner of PSB Realty Advisors, Pickett also becomes Managing Director of the new Columbus office and will oversee the growth and development of Avison Young's presence in Columbus as well as manage the day-to-day operations of the office.

"Building a robust Columbus market will enhance our ability to serve corporate and institutional clients in the critically important U.S. Midwest region," comments Rose. "Columbus plays an integral role in the Midwest supply chain because of the city's location and large distribution infrastructure. Avison Young looks forward to aggressively growing the Columbus platform with Scott Pickett's leadership by building on the brokerage services and the leasing and management presence previously established by PSB Realty Advisors."

Rose continues: "Columbus will serve as another vital link to the Chicago area and enhance services to clients who operate extensively, or are based in, the Midwest. The central location also enables us to tie in services to clients on both the East Coast and West Coast."

Also joining Avison Young from PSB Realty Advisors are Steve Heiser and Graydon Webb, who will continue to focus on market-based brokerage activities and driving value for their clients.

"As we continue our strategic expansion in the Midwest, our clients are in need of service in a number of key markets, including Columbus," states Earl Webb, Avison Young's President, U.S. Operations. "As the state capital, Columbus has a key role in the Ohio real estate market, and a number of corporate and institutional clients of our firm either have a presence there or are desirous of one. Scott Pickett not only brings a number of years of experience in and around central Ohio - Columbus in particular - but has a depth and breadth of client experience and relationships that will greatly benefit Avison Young. Working with Jim Becker in Detroit and other Principals, Scott will be instrumental in building out our Ohio markets, and will also serve our clients and prospects who need top-level service in that market."

Effective immediately, PSB Realty Advisors' Columbus office at 88 East Broad Street, Suite 1740, in downtown Columbus will be re-branded Avison Young.

"Opening the Columbus office is another step in Avison Young's quest to further build its robust U.S. platform," says Becker, Avison Young Principal and Managing Director of the company's Detroit office. "Columbus is a critical market for Avison Young and the new Columbus office will help build depth and capacity for Avison Young in a Top 30 U.S. Metropolitan Statistical Area and growing Midwest market. Scott's experience and proven track record of delivering successful results for his clients makes him one of the most sought after commercial brokers in Central Ohio. We are very excited to have Scott, Steve and Graydon on board."

"When Avison Young offered to acquire PSB Realty Advisors and enable our operations to become part of Avison Young's vibrant brand, we received an opportunity to join forces with a like-minded organization and access a broad range of resources and intellectual capital across North America," says Pickett. "We couldn't be more pleased to have the opportunity to become part of Avison Young's innovative principal-led ownership and management structure and aggressive U.S. and global expansion program."

He adds: "I believe that, through this acquisition, we have provided a tremendous growth opportunity for our team and our clients. I'm thrilled to be able to assist Avison Young in developing a presence in Columbus and to strengthen the company's foothold in the dynamic Midwest region. By operating under the Avison Young brand, Steve, Graydon and I can increase our service offerings to Columbus-area clients who operate nationally and internationally, and tap into the company's expertise and large network on both sides of the Canada-U.S. border and beyond."

Columbus, the capital of Ohio, ranks as the largest city in the state. It is the 15th-largest city in the U.S. and fourth-largest city in the Midwest. The Columbus region is within a one-day truck drive or one-hour flight of 41% of the U.S. population, 80% of American-based corporate headquarters and 43% of the nation's manufacturing capacity. Major employers include Ohio State University, JP Morgan Chase, Nationwide Insurance and Honda of America. According to the city's economic development agency, government ranks as the largest sector in Columbus, followed by professional and business services, educational and health services and retail trade. As the home of Ohio State University, Columbus also offers many other educational and technical options, ensuring an educated workforce and business diversity rather than reliance on one single industry. Corporations with head offices in Columbus include: Nationwide Insurance, Limited Brands, Cardinal Health and American Electric Power.

Today's announcement comes on the heels of Avison Young acquiring Atlanta-based The Eidson Group on January 9, 2014.

***

Biography

Scott Pickett
With more than two decades of commercial real estate, brokerage and development experience, Scott Pickett was most recently President of PSB Realty Advisors. During his career, he has developed and leased more than 10 msf, including 2 msf of new construction in Central Ohio. Pickett is well versed in executing commercial real estate transactions that include tenant representation, landlord representation, acquisition/disposition and property management, portfolio management, site selection, planning and development, economic incentive packages, contractor selection, space planning, and construction. He has executed assignments in almost every state in the U.S. and internationally. Pickett's list of corporate clients include Cardinal Health, Nationwide Insurance, Scotts, BMW Financial, MCI and Medco.

As an entrepreneur, Pickett formed PSB Realty Advisors in 2008 following his tenure as Vice-President at CB Richard Ellis in Columbus. Prior to joining CB Richard Ellis, Pickett spent 11 years at Continental Real Estate Companies as Vice-President of development and brokerage services, managing the development of office, industrial and retail development projects and a portfolio of more than 1 msf of office and industrial buildings. Pickett's career began at The Pickett Companies where his responsibilities ranged from job superintendent on construction sites to site selection and financing for new hotels throughout the Midwest and East Coast.

Pickett holds a Bachelor of Science degree from Ohio State University where he majored in finance and real estate, and obtained his real estate license in 1990. He is a member of the National Association of Industrial and Office Properties (NAIOP), Columbus Commercial Investment and Industrial Realtors (CCIIR), the Columbus Board of Realtors, Columbus Athletic Club and Muirfield Village Golf Club.

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 1,500 real estate professionals in 54 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.

Editors/Reporters
• Please click on link to view and download photo of Scott Pickett
http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/Scott_Pickett.jpg

For further information/comment/photos:

  • Sherry Quan, National Director of Communications & Media Relations, Avison Young: 604.647-5098; mobile: 604.726-0959

  • Mark Rose, Chair and CEO, Avison Young: 416.673.4028

  • Earl Webb, President, U.S. Operations, Avison Young: 312.957.7610

  • Jim Becker, Principal and Managing Director, Detroit, Avison Young: 313.510.2825

  • Scott Pickett, Principal & Managing Director, Columbus, Ohio, Avison Young: 614.264.4400

Avison Young's new Columbus, Ohio office is located at: 88 East Broad Street, Suite 1740, Columbus, Ohio 43215

www.avisonyoung.com

Avison Young was a winner of Canada's Best Managed Companies program in 2011 and requalified in 2012 to maintain its status as a Best Managed company.

Follow Avison Young on Twitter:
For industry news, press releases and market reports: www.twitter.com/avisonyoung
For Avison Young listings and deals: www.twitter.com/AYListingsDeals

Follow Avison Young Bloggers: http://blog.avisonyoung.com

Follow Avison Young on LinkedIn: http://www.linkedin.com/company/avison-young-commercial-real-estate


SOURCE Avison Young Commercial Real Estate (BC)

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets. By creating abundant, high-quality editorial content across more than 140 highly targeted technology-specific websites, TechTarget attracts and nurtures communities of technology buyers researching their companies' information technology needs. By understanding these buyers' content consumption behaviors, TechTarget creates the purchase inte...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Column Technologies exhibited at SYS-CON's @DevOpsSummit at Cloud Expo, which took place at the Javits Center in New York City, NY, in June 2016. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principals and help our customers meet today’s DevOps and Dig...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software securi...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...