Ashlar Urban Realty Announces Acquisition of Smith Company

One of Canada's largest independent commercial real estate firms adds enhanced local knowledge and an enterprising spirit

TORONTO, July 11, 2013 /CNW/ - Ashlar Urban Realty Inc. announced today its acquisition of Smith Company. The transaction brings together two great companies to create one of the most dynamic commercial real estate firms on the street. The transaction closed today, with all current Smith Company employees set to relocate to the Ashlar location at 166 Pearl Street in Toronto early next week.

Ashlar Urban Realty is one of Canada's largest independent commercial real estate firms and the addition of Smith Company personnel will bring Ashlar's team to more than 30 real estate professionals.

"We are thrilled to welcome the Smith Company team, as they will bring a strong sales-focus and an enterprising spirit along with their deep knowledge of the Toronto commercial real estate market," said Jeff Thomas, Managing Partner and Broker, Ashlar Urban Realty Inc. "We will benefit greatly as Paul Smith is one of the most well-known and respected veterans in our industry and we look forward to working with him closely as he joins our management team," Thomas continued.

"The partnership between our company and the team at Ashlar is a great fit," said Paul Smith, Founder and President, Smith Company. "Both companies share a commitment to entrepreneurialism and a dedication to client service. We are looking forward to bring our people and operations on to the Ashlar platform," Smith added.

Ashlar is 100 per cent Canadian-owned and managed by a team of professionals whose sole focus is real estate. The firm has long-term relationships with property owners, major tenants, government agencies and other local leaders. Smith Company has great landlord relationships and a solid long-term portfolio, and is focused on leasing in Toronto's financial core.

SOURCE: Ashlar Urban Realty Inc.

For further information:

Media contact:

Jeff Thomas, Managing Partner & Broker
Ashlar Urban Realty Inc.
(416) 205-9222 Extension 221

Profil de l'entreprise

Ashlar Urban Realty Inc.

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