AQUILA Commercial Real Estate Celebrates Seven Years, Announces Seventh Platform
Firm Acquires Pyramid Properties, now AQUILA Management Services
Austin, TX (PRWEB) March 20, 2014
Tonight, AQUILA Commercial, Austin’s number one local full service commercial real estate firm, celebrates seven years of serving the Central Texas area. AQUILA also officially announces its seventh platform, Property Management, through the acquisition of Pyramid Properties, now AQUILA Management Services. The other AQUILA platforms include asset services, corporate services, retail, investment services, land services and project management.
AQUILA Commercial started in early 2007 with six founding partners all with previous commercial real estate experience at large national firms. The vision was to build a different kind of commercial real estate practice: a Central Texas focused organization dedicated to evaluating real estate from a holistic, 360 degree approach utilizing experience from both building and tenant perspectives, as well as extensive investment sales and acquisition backgrounds, bringing a unique understanding of the real estate and Austin area market by being local. AQUILA focuses every day on providing a broad level of strategic real estate consulting and transaction services from multiple disciplines to enable owners, occupiers, investors and developers the ability to enhance value, reduce costs and manage risk.
”We are grateful and have been overwhelmed by the support we have received from our clients and friends over our initial seven years and believe they have validated our vision and philosophy for AQUILA Commercial. We are still extremely optimistic and excited about Austin and our business, the future prospects for AQUILA and our clients and the additional resources and services we can now offer with AQUILA Management Services,” says Bart Matheney, one of AQUILA’s founding partners.
Pyramid Properties, now AQUILA Management Services, began in 1992, and is one of four AMO certified management companies headquartered in Austin. In its beginnings, Pyramid primarily focused on higher net worth individuals managing a high quality portfolio of office, retail and industrial projects. Since AQUILA’s involvement, the portfolio has migrated to more of an institutional clientele and includes such trophy assets as Capstar Plaza, 8303 Mopac and The Village shopping center.
“Combining Pyramid with the AQUILA team makes logical sense as AQUILA has an expanded Institutional clientele and Pyramid’s ownership perspective, customer service approach and scalable and flexible reporting are a natural fit and make for a much stronger collective platform”, says Mike Murphy, another founding partner of AQUILA and founder of Pyramid. “We will continue to provide best in class service to our high net worth clients but will also tap into AQUILA’s relationships and offer clients a seamless approach to management and leasing.”
The full AQUILA family and clients celebrate seven years of the firm tonight, with a list of business milestones including growth to the seven platforms as well as the team growth from the original six founders to 54 employees. In seven years, AQUILA has built a leasing portfolio consisting of over 27 properties potentially totaling up to 7 million SF. The AQUILA tenant rep team has represented deals totaling in 3.2M SF since 2007. With the addition of AQUILA Management Services, there is now an additional 2.5 million SF of management added to the portfolio. AQUILA and its brokers are regularly recognized as CoStar Power Brokers and in 2013, AQUILA was named the #1 local CRE firm in Austin.
About AQUILA Commercial:
Named for AQUILA, Zeus’s eagle of myth and the eagle constellation in the Southern sky, AQUILA Commercial LLC is a full-service commercial real estate firm based in Austin, Texas. The firm has seven practice areas including: asset services, corporate services, retail, investment services, land services, project management and property management.
Launched in January 2007, a group of six core founders have a combined total of more than 80 years of direct industry experience working for major national companies such as CB Richard Ellis, The Staubach Company and the Trammell Crow Co. Recognized by their peers and publications as some of the top producers in their respective disciplines, team members seek to emulate the AQUILA eagle's reputation for flying higher and maintaining the sharpest vision. For more information, visit: http://www.aquilacommercial.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/2014/03/prweb11681436.htm