Transwestern to establish major presence in Boston with acquisition of RBJ
Transaction Creates 34th U.S. Office, Continues the Firm’s Strategic Expansion
(SEPTEMBER 9, 2013 – Houston) – Transwestern’s Houston headquarters today announced it is acquiring Richards Barry Joyce & Partners, LLC (RBJ), a full-service real estate firm based in Boston. Establishing its 34th U.S. office, Transwestern achieves a significant presence in the Boston market and takes a dynamic step toward its vision of becoming the No. 1 real estate value creator in the country. The transaction combines like-minded real estate firms, each with a client-centric business model and ambitious mission to excel in all areas of business.
“We are thrilled to add such a culturally compatible and dynamic firm as RBJ to the Transwestern team,” said Larry P. Heard, Transwestern president and CEO. “This acquisition will immediately connect our new Boston-area clients with Transwestern’s global enterprise and allow us to better serve our existing clients who do business in Boston and throughout the Northeast.”
RBJ was established in 2001 and has grown to be a true market leader, serving clients throughout the Greater Boston market, as well as in cities across the U.S. and internationally. RBJ has been named the “Small Business of the Year” by the Greater Boston Chamber of Commerce and has been honored multiple times as one of the “Best Places to Work” in the Boston Business Journal. RBJ is consistently one of the most active brokerage firms in Boston representing some of the largest tenants and landlords in the market.
“Our focus has always been on delivering the highest level of service to our clients,” said Steve Purpura, managing partner, RBJ. “Joining Transwestern will allow us to maintain that focus, while making available a broader palette of services to landlords and tenants, both locally and beyond. We are pleased to become part of a firm known for excelling at client service.”
Celebrating its 35th anniversary in 2013, Transwestern is a global, diversified real estate firm with more than 1,900 team members nationwide. In 2012, the firm oversaw the leasing and management of 1,404 properties with 283 million square feet and completed leasing, sales and finance transactions totaling $6.22 billion.
Richards Barry Joyce will begin operating as Transwestern RBJ on November 1, 2013. Terms of the deal are not being disclosed.
About Richards Barry Joyce & Partners, LLC
Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company’s focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners’ unique platform offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services. For more information, please visit our website at www.rbjrealestate.com. Follow us on Twitter at @RBJ_Partners.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.