Mark E. Rose, chair and CEO of Avison Young, the world’s fastest-growing commercial real estate services firm, announced the opening of a newly formed Fairfield/Westchester office to expand the firm’s Tri-State market presence.
The newest American office represents Avison Young’s first office in Connecticut, fourth office in the Tri-State area, 41st office in the U.S., 43rd office outside of Canada, and an additional step in the firm’s ongoing aggressive growth strategy.
Over the past five years, Avison Young has grown from 11 to 58 offices in 47 markets, and from 300 to more than 1,500 real estate professionals across Canada, the U.S. and in Europe.
Effective immediately, Sean Cahill becomes a principal and managing director of the firm’s new Fairfield/Westchester office and will work closely with Avison Young Tri-State president Arthur Mirante to establish the firm’s presence in southern Connecticut and suburban New York. Cahill was most recently a senior vice president at CBRE in Stamford, CT.
As managing director, Cahill will also focus his efforts on servicing new and existing clients, as well as managing the day-to-day operations of the Fairfield/Westchester office.
“The continued growth of our Tri-State operations is a critical focus for us as part of our strategy to introduce Avison Young’s differentiated brand of client-centric service into key markets,” commented Rose.
“Fairfield and Westchester counties, which are in proximity to New York City, one of the world’s leading global economic hubs, have long supported a high concentration of financial services firms and hedge funds.
Improvements in the economy make the current climate an opportune time to expand into Fairfield and Westchester counties, and we look forward to the contributions that Sean will make in leading our local efforts to build a strong regional presence.”
Avison Young opened its first New York office in April 2012 in New York City, with Mirante joining as principal and Tri-State president. The company opened its New Jersey office in September 2012, followed by a Long Island office in August 2013.
Fairfield County is the most densely populated county of Connecticut and a well-known haven for investment management firms.
According to 2011 U.S. Census Bureau data, Westchester County is the fifth-wealthiest county in New York and ranks second after New York County in terms of highest median income per person.
Its telecommunications network is a major contributor to new investment, educational opportunities and employment growth. The 800-mile fiber optic network, initiated by the county and built by Cablevision’s Lightpath, links local governments, libraries, hospitals and schools, and helped spark competing rings that ultimately created one of the best local telecom infrastructures in the U.S.