International real estate advisor Savills has opened its first office in Canada through the acquisition of Real Facilities, a Toronto-based, full-service commercial real estate firm committed exclusively to representing tenants.
International real estate advisor Savills has opened its first office in Canada through the acquisition of Real Facilities, a Toronto-based, full-service commercial real estate firm committed exclusively to representing tenants.
The team will provide tenant representation, transaction management, capital markets, project management and design services to companies across multiple industries, including office, industrial and retail. Stan Krawitz, Founder and President of Real Facilities, will oversee the operation for Savills Studley as Executive Vice President, Founder and Head of Canada.
Michael Colacino, President of Savills Studley, says: “It was important that Savills Studley create a strategic presence in Toronto, the fourth-largest commercial real estate market in North America. We are very excited by the opportunities this acquisition presents for our clients as many multinational firms have targeted the Greater Toronto Area for growth. Stan and the Real Facilities team share our steadfast commitment to the tenant representation model and providing best-in-class service to clients.”
Stan Krawitz adds: “Savills Studley and Real Facilities have collaborated on numerous large transactions for clients on both sides of the border for more than five years. In many ways, this is just the formalization of the great partnership we’ve enjoyed. Joining Savills Studley provides us with a true global platform for our clients. Many Canadian companies are expanding to the U.S, as well as seeking locations in Europe and Asia. The transition has been seamless.”
Savills operates from over 600 owned and associate offices, employing more than 30,000 people in over 60 countries.