Avison Young acquires Millennium Realty Advisors, LLC

TORONTO, July 5, 2011 /PRNewswire/ - Mark E. Rose (top right photo), Chair and CEO of Avison Young, Canada's largest independently-owned commercial real estate services company, announced today that it has acquired Millennium Realty Advisors, LLC, a Virginia-based brokerage firm that provides agency leasing and tenant representation services.

The acquisition further expands Avison Young's market coverage in

Northern Virginia, the largest market in the Washington, DC region.

 The change in ownership will add nine employees - including five new

Principals - to Avison Young's U.S. Capital Region operations. Terms of

the acquisition were not disclosed.

Millennium Realty Advisors was founded in 1997 by John McEvilly and Mike Shuler, who have a combined 55 years of experience in the commercial real

estate industry.

Effective immediately, McEvilly, Shuler, Douglas Eliot, James Palmer and RobertWalters join Avison Young as Principals. NathanKrill and Joseph Pilch join as Vice-Presidents, Brokerage Services, Virginia; Sophrona Chinoy as Director; and UlyanaRadisavljevic as marketing assistant.

"We are thrilled to have John and Mike and the rest of the Millennium

team join the Avison Young organization," comments Rose.

 "This acquisition represents the next step in our company's expansion

strategy, and reinforces our commitment to invest in the firms and the

top talent who believe in our Principal-led, client-focused service

model.

“This strategic acquisition will give Avison Young an even

broader client-service platform in the DC area as we continue to expand

our capabilities throughout the U.S.

“With this acquisition, Avison Young has now built one of the leading landlord-representation platforms in the Washington, DC region in less than 18 months."

For a complete copy of the company’s news release, please contact:

Sherry Quan, National Director of Communications & Media Relations, Avison Young: (604) 647-5098; cell: (604) 726-0959