Avison Young acquires Lane Witherspoon & Carswell Commercial Real Estate
Advisors, opens new office in Tampa, Florida
TORONTO, Sept. 3, 2013
Purchase further galvanizes Avison Young's footprint in Florida; 19 members
TORONTO, Sept. 3, 2013 /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 Tampa, FL-based Lane Witherspoon &
Carswell Commercial Real Estate Advisors and its sister company L&W Commercial
Property Management, and opened a new office in Tampa, Florida.
Lane Witherspoon & Carswell Commercial Real Estate Advisors and L&W Commercial
Property Management, founded by Ken Lane, Clay Witherspoon, Trey Carswell and
Suzi Dixon in 2007, is one of the leading commercial real estate service
providers in the Central and West Coast regions of Florida. Services provided
include office, industrial and retail leasing for landlord and tenant
representation, seller and buyer representation for building sales, and full
property management and property management accounting services.
The newest American office represents Avison Young's 36th office outside of
Canada, the company's fifth office in Florida, and an additional step in the
firm's ongoing aggressive growth and expansion strategy.
Over the past four years, Avison Young has grown from 11 to, now, 51 offices
in 40 markets and from 300 to more than 1,300 real estate professionals across
Canada and the U.S.
The acquisition expands Avison Young's market coverage beyond South Florida to
include Central and West Florida, and adds a sizable portfolio including 6.3
million square feet (msf) of agency listings and more than 2.3 msf of property
Effective immediately, 19 members join Avison Young, three of whom become
Principals of Avison Young: Lane, Witherspoon and Carswell. Lane and
Witherspoon also become Co-Managing Directors and will oversee the growth and
development of the company's presence in Tampa as well as manage the
day-to-day operations of the office.
"In less than 11 months, we are launching our fifth Avison Young office in the
Florida region," comments Rose. "Our strategic plan for system-wide expansion
through the assemblage of a hand-selected team of the area's leading and
like-minded industry professionals, such as the members from Lane Witherspoon
& Carswell Commercial Real Estate Advisors, will enhance our platform and
provide our clients with the resources and market knowledge to make informed
decisions regarding their real estate needs."
Rose continues: "Along with South Florida and Orlando, the Tampa Bay area
represents one of the three major markets in the state, and a gateway to make
inroads into the Central Florida/Orlando market. Tampa's significant
population base, the third largest in the state, and mass appeal to both
ownership and tenants make Tampa a natural hub for Avison Young to have a home
base from which to serve our growing client base."
Also joining Avison Young from Lane Witherspoon & Carswell and L&W Commercial
Property Management are: Dixon (Director of Property Management-Tampa), Cindy
Baxter (Marketing Coordinator), Andrew Boczer (Building Engineer), Lauren Coup
(Vice-President), Timothy Hain (Vice-President), Clifford Lombardo (Lead
Engineer), Leonard Maldonado (Building Engineer), Kimberly Mastin (Assistant
Property Manager), Shannon Pitts (Assistant Property Manager), Dimas Pulgar
(Building Engineer), Paul Royak (Senior Associate), Frank Shelton (Chief
Engineer), L.B. Sierra, Jr. (Associate), Lauren Smith (Assistant Property
Manager), Sara Sneen (Senior Property Manager) and Pedro Sojo (Building
"The opening of the Tampa office further accentuates our company's mission to
expand services in key geographic locations, and this acquisition ensures a
holistic presence throughout the state of Florida," states Earl Webb, Avison
Young's President, U.S. Operations. "We believe our industrial and office
capabilities and assignments in the area, under the stewardship of the Lane
Witherspoon & Carswell team, will grow exponentially and that our clients will
be expertly guided."
Avison Young opened its first South Florida offices in October 2012 in Fort
Lauderdale, Boca Raton and Miami, with 30 members, including Pike Rowley who
became a Principal and Managing Director of Avison Young's Florida region. In
May 2013, industry leader Dan Carlo was named Managing Director of the Miami
office. In June 2013, Avison Young acquired WG Compass Realty Companies,
adding 24 members and establishing a West Palm Beach office led by Managing
Director Jonathan Satter. Avison Young's Florida operations are headquartered
in Fort Lauderdale.
"The Tampa market is benefiting from an improving housing market, resulting in
an uptick in employment led by the construction industry," notes Rowley. "The
timing for the Lane Witherspoon & Carswell team to join Avison Young is ideal
- with the overall market outperforming first-quarter numbers and continuing
to trend in a positive direction from one year ago. Beyond strengthening in
market conditions, the match between the Lane Witherspoon & Carswell team and
Avison Young was a natural fit. Our new endeavor in Tampa will reflect the
same level of service with strong integrity and insistence on putting our
Effective immediately, Avison Young's new Tampa office is located at 1715
North Westshore Center, Suite 130, Tampa, Florida. The Westshore submarket is
in proximity to Tampa International Airport, International Plaza and Westshore
"We were not actively seeking, nor had strong intentions of an acquisition,"
says Lane. "However, after meeting the leaders and ownership of Avison Young,
it became acutely apparent that this unique platform affords our team the
freedom to remain entrepreneurs, place clients first, and remain principal
owners in a fast-growth company. In short, there is no commercial real estate
services company of this size that is designed by brokers and run by brokers.
This is a very exciting opportunity for our entire organization."
The Tampa metro area is one of the top 20 commercial real estate markets in
the country, and the population center of the eight-county region with more
than 4.2 million residents. Home to 19 corporate headquarters with $1
billion-plus in annual revenue, eight of which are Fortune 1000 companies,
Tampa is also the location of choice for nearly 500 foreign-owned companies
representing more than 40 nations.
Today's announcement comes on the heels of Avison Young opening its 50th
office two weeks ago, on Long Island, New York.
Kenneth E. Lane III
With more than 15 years of experience in the Tampa Bay commercial real estate
industry, Kenneth Lane specializes in landlord and tenant representation.
Prior to joining Avison Young, Lane was a founding member and served as the
Broker of Record and as a Managing Director for Lane Witherspoon & Carswell
Commercial Real Estate Advisors. He was also a founding member and Principal
of L&W Commercial Property Management. Earlier in his career, Lane was
Vice-President of office leasing for Trammell Crow Company.
Lane has worked with a variety of institutional owners during his career,
including AEW Capital, TA Associates Realty, Great Point Investors, Principal
Financial Group, Archon Group, LaSalle Investment Management and several other
local investment groups. He has represented such notable clients as: Team
Health, CVS, Brookdale Senior Living, Fortress Investments, Checkers Drive-in
Restaurants, ESolultions Corporation, JW Cole Financial, Global Data
Management and many other local and regional firms.
Clay Witherspoon brings to Avison Young 18 years of expertise in landlord
representation for industrial and office buildings in the Tampa Bay market,
including leasing, acquisitions and dispositions, and the underwriting and
marketing of more than 1.4 msf of new development projects. Prior to joining
Avison Young, Witherspoon was a Managing Director for Lane Witherspoon &
Carswell Commercial Real Estate Advisors, and a Principal of L&W Commercial
Property Management. Earlier in his career, Witherspoon was Vice-President in
the Tampa office of Trammell Crow Company.
Throughout his career, Witherspoon has served as the exclusive agent for such
institutional owners as AMB Property Corporation, Archon Group, Clarion
Partners, Great Point Investors, LaSalle Investment Management, Lend Lease,
Meridian Development Group, Morgan Stanley, Principal Financial Group, RREEF,
TA Associates Realty and Trammell Crow Company, as well as several other
private developers and investors. Witherspoon is the recipient of the Archon
Achievement Award (1998), the CoStar Power Broker Award (2003 to 2010 and
2012) and the Tampa Bay Business Journal's Largest Lease Transactions Top 10
on multiple occasions.
Specializing in industrial and office properties representing institutional
landlords, tenants, buyers and sellers, Trey Carswell has worked with clients
such as Clarion Partners, EastGroup Properties, Walton Street Capital, UBS,
Meridian Development Group, Cabot Properties, Nestlé Waters and World Electric
Supply. Prior to joining Avison Young, Carswell was a founding member and
Director of Lane Witherspoon and Carswell Commercial Real Estate Advisors.
Prior to this, he specialized in industrial and office brokerage with Trammell
Crow Company, and earlier in his career served as Associate Director of
industrial services for GVA Advantis.
Recognized by the industry over the past decade as a leading broker, Carswell
has received several CoStar Power Broker awards, multiple Pinnacle awards, GVA
Advantis' Industrial Broker of the Year award, and consistently ranks in the
Tampa Bay Business Journal's Top 10 Broker for Largest Lease Transaction
With more than 30 years of industry experience, Suzi Dixon is a
well-established and respected member of the Tampa Bay commercial real estate
community and currently oversees 2.3 msf of office, retail and industrial
properties. Prior to joining Avison Young, Dixon was a founding partner and
Director of Property Management for L&W Commercial Property Management.
Earlier in her career, Dixon worked as property manager for both office and
industrial buildings at Trammell Crow Company.
During her career, she has managed such notable properties as Rocky Point
Centre, Westshore Center, Sunforest I & II, Hampton Oaks, Benjamin Center,
Northport Industrial Park, President's Plaza II and Corporex Plaza. She has
received two Building Owners and Managers Association (BOMA) TOBY awards for
Sunforest I & II and Westshore Center. In addition, Dixon's activities in the
local commercial real estate community include membership in the Westshore
Alliance. She is a former BOMA board member and a Certified Property Manager
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 1,300 real estate professionals in 51 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-familyproperties.
• Please click on links to view and download photos of Ken Lane, Clay
Witherspoon, Trey Carswell, Suzi Dixon
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
• Pike Rowley, Principal & Managing Director, Florida, Avison Young:
• Ken Lane, Principal & Managing Director, Tampa, Florida, Avison Young:
813.288.1800 x 223
Avison Young's new Tampa, Florida office is located at: 1715 North Westshore
Center, Suite 130, Tampa Florida, 33607, 813.288.1800
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.
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SOURCE Avison Young Commercial Real Estate (BC)
(604) 647-5098 or (604) 726-0959
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