CHICAGO — Avison Young and Jones Lang LaSalle (JLL) have completed an equity raise totaling approximately $300 million on behalf of ECHO Realty LP. H&R REIT acquired a one-third interest in Echo Realty, which holds an 8 million-square-foot portfolio of commercial properties located in Pennsylvania, Ohio, Maryland and West Virginia. Pittsburgh-based ECHO Realty’s $1.2 billion portfolio features 173 properties, including 62 grocery stores, five office buildings, six industrial properties and three parcels. The Avison Young team included James Solomon, former head of the firm's U.S. capital markets team, along with Earl Webb, president of U.S. operations, and Matt Hoffman, assistant vice president. Bruce Westwood-Booth and Guy Ponticiello, managing directors, led the JLL team in this transaction.
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