Danny Nikitas, Avison Young principal and managing director of the firm’s Chicago office, announced today the strategic hiring of highly regarded commercial real estate industry veteran Chris Tecu.
Effective immediately, Tecu and fellow new hire Chris Lydon become principals of Avison Young and will work as a team while focusing on industrial brokerage services. Both will be based in the firm’s Rosemont, IL office.
Tecu most recently served as a vice president with CenterPoint Properties in Chicago. He and Lydon previously worked together at Trammell Crow Company in Chicago.
“We’re thrilled that Chris Lydon and Chris Tecu have joined us in Chicago,” said Nikitas. “We have known them for many years as strong industrial brokerage professionals who have held various positions within the industrial real estate sector. Between them, they have more than 40 years of experience, and their reputations are impeccable in the industry.”
Tecu brings 19 years of commercial real estate experience to Avison Young. During his career, he has negotiated more than 80 million square feet of industrial real estate acquisitions, dispositions and leasing transactions. From 2010 to 2017, he managed CenterPoint Properties’ acquisitions in the Gulf Coast region, particularly in the Houston marketplace. From 2008 to 2017, he was responsible for the purchase of more than $1 billion of industrial properties nationally.
Tecu’s past and current clients include AMB, Prologis, CenterPoint, Duke Realty, First Industrial Realty Trust and Sitex Realty Group. He is an active member of NAIOP and AIRE. He holds a bachelor’s degree in business from the University of Kansas.
“We feel that the in-house resources here at Avison Young will enable us to even better service existing customers and help us expand our client base,” Tecu said. “There seems to be great entrepreneurial spirit within the firm, and we look forward to continuing with the overall collaboration within the industrial brokerage group. The firm is in a global growth mode and we are pleased to be part of its expansion here in Chicago. We look forward to collaborating with our new colleagues across the globe while serving local, national and international clients.”
Over the past nine years, Avison Young has grown from 11 to 82 offices and from 300 to more than 2,600 real estate professionals in Canada, the U.S., Mexico and Europe.