A privately held real estate firm specializing in agency leasing, property and facilities management, Texas-based Transwestern, will expand into the New England marketplace with the acquisition of Richards Barry Joyce & Partners, a full-service real estate firm based in Boston, Massachusetts
Transwestern officials said in establishing its 34th U.S. office the firm achieves a significant presence in the Boston market and takes a dynamic step toward its vision of becoming the number one 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."
"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."
Richards Barry Joyce will begin operating as Transwestern RBJ on November 1. Terms of the deal are not being disclosed, the company said.