AVISON YOUNG ACQUIRES NEW JERSEY-BASED KWARTLER ASSOCIATES

TORONTO, CANADA — Toronto-based Avison Young has acquired Kwartler Associates, a New Jersey-based asset management firm. The purchase expands Avison Young’s business-line coverage in New Jersey and throughout the Tri-State market, adding 27 employees to the firm’s office in Morristown, N.J. Founded in 1980, Kwartler Associates manages more than 5.1 million square feet of office, industrial and flex space across 50 assets, including more than 2.2 million square feet of exclusive agency leasing and management assignments in Bergen and Morris counties, two of New Jersey’s most active office and industrial submarkets. Effective immediately, Kwartler President Daniel Frank will become a principal with Avison Young and be responsible for overseeing business development for the firm’s asset and property management business in the New Jersey and suburban Tri-State markets.