Transwestern has acquired Epic Realty Partners, an industrial real estate group based in Rosemont. Epic joins Transwestern after a partnership with Newmark Grubb Knight Frank expired at the end of 2013.
With the acquisition, Transwestern will add a 20-member team of experienced industrial professionals that significantly increases the power and scope of its industrial services in Illinois and nationally. The transaction establishes Transwestern as one of the top five industrial real estate providers in the largest industrial market in the U.S., according to Transwestern officials.
Epic Realty Partners specializes in the leasing, sale, management and development of warehouse, distribution and manufacturing facilities to corporate tenants, as well as institutional and individual property owners. In 2013, Epic completed 225 transactions totaling 9.2 million square feet, with an aggregate value of $216.7 million. The newly acquired firm will operate from its office in Rosemont.
“The strategic acquisition of Epic’s expert team advances Transwestern’s industrial services in the Chicago metro and adds to the depth of the firm’s industrial platform,” said Mike Watts, Transwestern’s Midwest president. “The new team will collaborate with Transwestern brokers located in 34 U.S. cities to better serve our growing institutional client base and occupiers that have multi-market requirements.”
“Epic joined Transwestern because we knew the firm’s full-service offerings could expedite our aggressive expansion plans,” said John Coleman, executive managing principal of Epic. “We took the time to find the right partner that would deliver the best available real estate services to our clients.”
