Reporter- San Francisco Business Times
As Oakland’s office market heats up, Avison Young opened a new office the East Bay city and swooped up longtime brokers from Cushman Wakefield.
Avison Young, a real estate brokerage firm based in Canada, started expanding in the Bay Area in 2012 and has already planted its flag in San Francisco and San Mateo.
Charlie Allen, formerly of Cushman Wakefield, will lead the office joined by Anthony Shell, another CW defector. Kevin Aheasy, a principal with Avison Young and formerly of JLL and CW, and JW Krumpholz, associate, will move from the San Francisco office of Avision Young to Oakland.
“Opening an Oakland office is another strategic move for Avison Young to become a dominant player in the Bay Area commercial real estate market,” said Mark E. Rose, chairman and CEO of Avison Young. In the past five years, the firm has grown from 300 employees worldwide to more than 1,500.
The firm’s expansion into the East Bay comes at time when the Bay Area’s economy and thus, office, market are improving and Oakland is poised to capture spillover demand and growth (read our most story on the Oakland office market here).
“With the opening of our third office in the Bay Area, we are slowly but surely securing solid market share,” said Nick Slonek, principal and managing director for Avison Young’s Northern California region. “Our desire to further expand into Silicon Valley, Palo Alto and Walnut Creek has hit a peak and, once carried out, will accelerate Avison Young’s growth in Northern California.”
The new Oakland office, housed in the Kaiser Center at 300 Lakeside Dr., aims to serve clients in Oakland, Berkeley, Emeryville, Alameda and Richmond.
Blanca Torres covers East Bay real estate for the San Francisco Business Times.