Click here to close now.




















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
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, 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. Meanwhile, 94% of enterprises ar...
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Moving an existing on-premise infrastructure into the cloud can be a complex and daunting proposition. It is critical to understand the benefits as well as the challenges associated with either a full or hybrid approach. In his session at 17th Cloud Expo, Richard Weiss, Principal Consultant at Pythian, will present a roadmap that can be leveraged by any organization to plan, analyze, evaluate and execute on a cloud migration solution. He will review the five major cloud transformation phases a...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...