As part of a continued expansion in North America, Savills Studley has acquired Real Facilities, a Toronto-based commercial real estate firm committed exclusively to representing tenants.
Stan Krawitz, founder and president of Real Facilities, will oversee the operations for Savills Studley as executive vice president, founder and head of Canada.
Krawitz will focus on the growth of Savills Studley in Toronto and nationwide, with an emphasis on attracting talent as it expands into other major Canadian markets.
He will work with senior vice president Allen Grinberg, senior vice president and branch manager of Ontario Ken Norris and Savills Studley president Michael Colacino.
“It was important that Savills Studley create a strategic presence in Toronto, the fourth-largest commercial real estate market in North America,ˮ said Colacino.
“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.”
Founded in 1954, Savills Studley pioneered the business model of exclusively representing tenants in their commercial real estate transactions.
The firm is part of London-headquartered Savills plc, the global real estate service provider with over 30,000 professionals and more than 600 locations around the world.