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Avison Young acquires Maryland-based McShea & Company, Inc., 150 members join

Avison Young acquires Maryland-based McShea & Company, Inc., 150 members join

PR Newswire

TORONTO, Nov. 4, 2013

Purchase strengthens Avison Young's business-line coverage in Washington, DC
region, adds 8 msf under management

TORONTO, Nov. 4, 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 McShea &  Company, Inc., a  full-service 
real estate services company based in Gaithersburg, Maryland.

The purchase  further expands  Avison Young's  business-line coverage  in  the 
Washington, DC region. The  change in ownership adds  150 employees to  Avison 
Young's Suburban Maryland operations.

As a result of the acquisition, Avison  Young becomes one of the largest  real 
estate firms in Suburban Maryland and the Washington Metropolitan Area, as the
company's presence in  the region  grows to more  than 250  staff members.  In 
addition, Avison Young's agency leasing practice increases to approximately 30
million square feet (msf)  in the region, and  properties under management  in 
the region expand to 10 msf.

Effective immediately, McShea & Company  founders Tim McShea and Jack  McShea, 
along with  Len Mongeon,  Laurie Craft,  Steve Lynch  and Bob  Dickman  become 
Principals of Avison  Young. Tim  McShea and Mongeon  also become  Co-Managing 
Directors of  the Suburban  Maryland  office and  will manage  the  day-to-day 
operations of the  office and  service new  and existing  clients. Craft  also 
becomes Director of Commercial Property Management, and Lynch becomes Director
of Residential Management. Jack  McShea's and Dickman's responsibilities  will 
include client relations, new business development and brokerage transactions.

"We are  very excited  about the  acquisition of  McShea &  Company, Inc.  The 
acquisition of this highly  regarded company represents the  next step in  our 
expansion strategy and  will serve to  create a deeper  local presence in  our 
rapidly growing DC Metro Region," comments Rose. "Tim, Jack, Len and the whole
organization have  a  collaborative  culture consistent  with  Avison  Young's 
philosophy;  our  firms  are  an  excellent  fit  culturally.  Moreover,  this 
acquisition is another example of a highly regarded independent firm that  was 
heavily pursued by others, but recognized Avison Young's culture and structure
as the right home for their clients and employees."

Rose continues: "This acquisition also solidifies our foothold in the Suburban
Maryland market in the DC  Metro Region. Our market  depth and our ability  to 
serve our  clients has  just noticeably  expanded and,  importantly, McShea  & 
Company brings  a full  complement of  real estate  services to  our  existing 
robust platform. The leadership at McShea will be tremendous additions to  our 
Principal-led organization."

Founded in  1983, McShea  & Company,  Inc.  serves the  DC Metro  Region  with 
comprehensive commercial leasing,  property management, development  services, 
consulting and advisory services, feasibility  analysis and due diligence  and 
lease administration. The  company is  among the largest  privately held  real 
estate services firms in the Maryland suburbs and was founded by brothers  Tim 
and Jack McShea  and their father,  Jack McShea Sr.,  who started the  company 
more than 30 years ago in a basement office. Today, McShea & Company's team of
150  employees,  including  six  partners,  manages  the  assets  of  national 
institutional investors and some of the largest employers in the Metro Region.

"This acquisition demonstrates our commitment  to serving our clients and  our 
strategy of attracting the best our industry has to offer," states Earl  Webb, 
Avison Young's  President, U.S.  Operations.  "We will  continue to  seek  out 
companies and  market leaders  to  grow our  U.S.  footprint and  deliver  the 
highest level of advisory services to our clients. This acquisition serves  as 
another step in our aggressive expansion program and positions us well in  the 
U.S. Capital Region in advance of overseas growth."

Avison Young  opened its  first Washington,  DC office  in January  2010  when 
industry leader  Keith  Lipton  joined  as a  Principal  to  help  launch  the 
company's brokerage  business in  Metropolitan  Washington. Since  that  time, 
Lipton has  spearheaded  the  acquisitions of  Appian  Realty  Advisors,  LLC, 
Millennium Realty  Advisors,  LLC,  and Realty  Management  Company,  and  has 
recruited  several  respected  brokerage  teams  to  solidify  Avison  Young's 
presence in the region.

"I am very pleased to welcome a group of this caliber to Avison Young,"  notes 
Lipton. "This team  of seasoned professionals  further expands our  geographic 
coverage in the region. Having known Tim, Jack and Len for several years,  and 
working closely  with them  as we  approached the  acquisition, I'm  extremely 
confident that they are well-suited  for Avison Young's collaborative  culture 
and that  they will  continue to  deliver superior  results on  behalf of  our 
clients. This acquisition  was key  to the  strategic growth  plan for  Avison 
Young's Washington platform."

According to Tim  McShea: "Over  the course  of the  past 30  years, McShea  & 
Company, Inc. has built the largest and most recognized commercial real estate
brand in Suburban Maryland. Today, with the merger of our company with  Avison 
Young, we  can now  service our  clients  locally as  well as  nationally  and 
internationally. We look forward to this exciting new chapter in our history."

Adds Jack McShea: "We  are thrilled to  be joining a firm  that places such  a 
strong emphasis on being client-centric and culture-driven, and I am confident
that our  team's  industry  relationships  and  experience  will  support  the 
company's growth objectives in the Washington, DC area. We are looking forward
to our new  venture and  working in  this expanded  platform with  like-minded 
individuals."

Today's announcement comes on the heels of Avison Young acquiring Dallas-based
Dillon Corporate Services/Cresa Dallas and Tampa, FL-based Lane Witherspoon  & 
Carswell Commercial Real Estate Advisors, and Avison Young opening new offices
in Tampa FL, Greenville SC, and Philadelphia in the past two months.

                                     ---

                                 Biographies

Tim McShea
Active in the Washington,  DC real estate community  for 30 years, Tim  McShea 
was most recently  a co-founder, Chairman  and CEO of  McShea & Company,  Inc. 
where he oversaw the day-to-day operations of the company and corporate growth
strategies,  while  staying  involved  in  transactions  and  building  client 
relationships. He is currently a member of the Washington/Baltimore Chapter of
the World Presidents Organization (WPO) and  on the Board of Directors of  the 
Shepherd University Foundation.

John (Jack) McShea
Jack McShea was  most recently  a co-founder, President  and CEO  of McShea  & 
Company, Inc. and has been active in the Washington, DC real estate  community 
for 30 years.  During his career,  McShea has completed  some of the  region's 
largestlease transactions, including  Bechtel Power Corporation's  450,000-sf 
campus,  Sodexo's   190,000-sf  lease,   Banner  Life   Company's   125,000-sf 
build-to-suit,anda  285,000-sf  build-to-suit  for  Marriott.  He  has  also 
represented a national pension advisor in  the acquisition of more than 4  msf 
of office space  in Maryland.  McShea is the  immediate past  Chairman of  the 
Board of Holy Cross Hospital in Silver Spring, MD and current Chairman of  the 
Board of the  Holy Cross  Hospital Foundation. Past  civic activities  include 
serving as a Board  member for the Washington  Chapter of the Cystic  Fibrosis 
Foundation, The  Frederick  County  YMCA  and  the  Frederick  County  Private 
Industry Council.  He  holds  a  Bachelor  of  Arts  in  history  from  Loyola 
University of Chicago.

Len Mongeon
Prior to joining Avison Young, Len Mongeon  served as CFO and COO of McShea  & 
Company, Inc., which he joined in 1986. He  was also a member of the Board  of 
Directors. During his  tenure with  the company, Mongeon  was responsible  for 
several notable leasing and sale transactions, including the representation of
Digex, Inc. in the leasing of 350,000 sf and the sale of the 133-acre  Airpark 
North Business  Center  in  2004,  for  which  he  was  awarded  the  National 
Association of Industrial  Office Parks Deal  of the Year  and the  Washington 
Business Journal Land Sale of the Year awards. During his career, Mongeon  has 
been actively engaged  as a principal  in the acquisition  and development  of 
projects valued  at approximately  $500  million. Prior  to joining  McShea  & 
Company, Inc., he practiced as a  Certified Public Accountant for seven  years 
with Price Waterhouse  & Co.  and M.B. Hariton  and Company.  Mongeon holds  a 
degree in finance from the University of Notre Dame.

Laurie Craft
Laurie Craft brings to  Avison Young 30  years of experience  in the field  of 
commercial property  management. She  was most  recently President  of  McShea 
Management, Inc.  and also  a member  of  McShea &  Company, Inc.'s  Board  of 
Directors. Craft oversaw the day-to-day operations of the commercial  property 
management  company  which  provided  a  full  range  of  property  management 
services,  including   lease  administration   and  accounting,   construction 
management, and engineering maintenance. Prior to joining McShea & Company  in 
1986, Craft was Director of Real  Estate Services for a major Washington  area 
developer. She  is a  Certified Property  Manager and  is a  recipient of  the 
prestigious Leo David Award given by Chapter 8 of the Institute of Real Estate
Management for  contributions  toward  continuing education  in  the  property 
management field.

Steve Lynch
Prior to joining Avison  Young, Steve Lynch led  the multi-family division  of 
McShea & Company,  Inc. for 20  years and was  also a member  of the Board  of 
Directors. Lynch is a finance executive with more than 25 years of  experience 
in property  management,  and  has extensive  experience  in  residential  and 
commercial real estate. He possesses accounting analysis, strategic  planning, 
acquisition, disposition  and residential  market analysis  experience. He  is 
also a Certified Public Accountant. Lynch served as McShea & Company's CFO for
many years  while managing  the residential  properties in  the portfolio.  In 
2010, he was named President of McShea Residential Services, Inc. and grew the
portfolio to nearly 2,000 apartment units. Lynch also has experience with  HUD 
reserve requirements, and  was appointed  to serve on  the Affordable  Housing 
Task Force by the Montgomery  County Executive in 2007.  Lynch is a member  of 
the National  Multi-Family  Housing  Council, the  Institute  of  Real  Estate 
Management  (IREM)   and  the   Maryland  Association   of  Certified   Public 
Accountants.

Bob Dickman
Robert Dickman was most recently  Executive Vice-President, sales and  leasing 
with McShea  & Company,  Inc. Dickman  is one  of the  Washington area's  most 
experienced and  productive leasing  agents.  He has  exclusively  represented 
major national and international corporations such as Hughes Network  Systems, 
Direct TV, Bechtel Power Corporation and  Digex, Inc. He has also  represented 
one of the  largest pension  fund advisors  in the U.S.  in the  leasing of  a 
2.3-msf office portfolio.  Over the  past 15 years,  Dickman has  consistently 
been ranked among the 10 most  productive leasing agents in Suburban  Maryland 
and in  2008 was  named as  the highest  producing agent  in Maryland  by  the 
Greater Washington Commercial Association of Realtors.

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   53  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.

For further information/comment/photos:

• Sherry Quan, National Director  of Communications & Media Relations,  Avison 
Young: 604.647.5098; cell: 604.726.0959

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

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

• Keith Lipton, Principal and COO, Avison Young: 202.644.8683

• Tim McShea,  Principal and Co-Managing  Director, Suburban Maryland,  Avison 
Young: 301.417.1080

• Leonard  Mongeon, Principal  and  Co-Managing Director,  Suburban  Maryland, 
Avison Young: 301.417.1090

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

• Editors/Reporters: please click on links to view and download photos of Tim
McShea, Jack McShea, Len Mongeon, Laurie Craft, Steve Lynch, Bob Dickman
http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/TimMcShea.jpg
http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/JackMcShea.jpg
http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/LenMongeon.jpg
http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/LaurieCraft.jpg
http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/SteveLynch.jpg
http://www.avisonyoung.com/sites/default/files/content-files/Media_Room/Temp/BobDickman.jpg

SOURCE Avison Young Commercial Real Estate (BC)

Contact:

Media Relations:
Sherry Quan
604.647.5098 or 604.726.0959
sherry.quan@avisonyoung.com