Transwestern Real Estate Services (TRS) has completed the acquisition of Chicago-based MB Real Estate (MBRE), one of the city’s most lauded full-service commercial real estate firms. The transaction, which adds 120 team members and a regional property management portfolio exceeding 12 million square feet, combines two private real estate firms that share a client-focused business model and innovative, collaborative workplace culture.
Founded in 1982, MBRE provides multifaceted expertise in asset and facilities management, leasing services, project management, tenant representation and investment services, all of which complement and enhance Transwestern’s resources and offerings in the Midwest. The firm’s leasing and management portfolio, overseen by EVP & Managing Directors Mark Buth and Suzanne Hendrick, and SVP & Director of Operations Andre Wiggins, encompasses high-profile office buildings, such as Michigan Plaza and 181 W. Madison, as well as notable city properties including Millennium Park and the Richard J. Daley Center.
Robust corporate real estate services headed by EVP & Managing Director Andrew Davidson along with project services led by EVP & Managing Director David Graff deepen Transwestern’s national tenant advisory expertise, which is delivered to clients from 33 U.S. offices as well as via global alliances in Canada and Europe. The MBRE team has built strong relationships with occupiers across multiple standout commercial real estate sectors, including life sciences, healthcare, logistics and financial services. Notable national brokerage and project management assignments include 2.5 million square feet of transactions for Astellas Pharma, US, Inc., including a build-to-suit for its North American headquarters, and over 800,000 square feet of transactions in 12 states for Coyote Logistics, a UPS company.
Celebrating its 45th anniversary in 2023, Transwestern is a diversified commercial real estate firm with more than 2,100 team members nationwide. TRS President Tom Lawyer explained that the firm’s continued success is rooted in a commitment to extraordinary service and an ability to adapt to real estate trends and overall market dynamics.
MBRE began operating as Transwestern on January 1, 2023. In the Midwest region, Transwestern has over 300 team members and oversees 44 million square feet of commercial assets on behalf of clients.
