Southfield, Michigan-based Signature Associates just made a major move. The long-time independent firm has joined TCN Worldwide, a group of independent commercial real estate firms spread across the globe.
TCN Worldwide boasts more than 5,000 commercial real estate professionals in more than 160 offices across 24 countries.
Signature has Michigan offices in Southfield, Detroit, Lansing, Grand Rapids, Muskegon, Holland and Kalamazoo. It also operates an office in Toledo, Ohio.
“Our company is extremely pleased to be joining TCN Worldwide,” said Mark Woods, chief operating officer of Signature Associates, in a statement. “We are confident that this new partnership will bring tremendous opportunities to our company.”
Steve Gordon and 11 other principals founded Signature Associates in 1989. Today, Signature has more than 150 employees and eight regional offices.
H. Ross Ford III, president and chief executive officer of TCN Worldwide Real Estate Services, said that Signature is a good fit for the network.
“Signature has a great group of individuals, from its leadership down,” Ford told Midwest Real Estate News during an interview. “One of the key factors we look at when considering adding brokerages is the cultural fit. You always want to work with brokerages with which you’d be happy to share clients with. We see that with Signature.”
From a strategic standpoint, the move helps TCN expand its roster of firms that focus on corporate real estate clients, Ford said.
Signature fit well, too, because it focuses on the sectors that TCN values most: industrial, office and retail.
Finally, Ross said that TCN officials are excited about gaining such a strong presence in Detroit, a market that Ross said is on the rise.
“We see the Detroit market as one that will continue to grow,” Ross said. “We see that growth occuring both in the suburbs and downtown. When you look across the upper Midwest, Detroit is a key component of being able to serve clients on a broad basis. We are very excited to have secured Signature in such a key market.”
