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| Bob Thiergartner |
NEWPORT BEACH, CA (Dec. 11, 2014) – Davis Partners, a
Newport Beach-based commercial real estate firm, has announced the expansion of
its management services to the Bay Area.
Since 1972, the firm
has focused on ground up development, investment, debt and equity structuring
and workouts, as well as all the third-party support functions of management,
leasing, accounting and reporting.
In Southern California, Davis Partners
oversees a 17 million-square-foot portfolio. The firm has now recognized the opportunity
to follow the Bay Area’s strong economic growth and expansion of its client
business into Northern California.
Davis Partners has taken over a 2.3 million square foot
portfolio management assignment that encompasses 22 assets located from San
Jose to San Francisco including a product type mix of office, R&D, and
industrial property.
“It’s an exciting time in the market,” said Bob
Thiergartner, President and Chief Investment Officer, Davis Partners.. “Assets
are trading hands at a lightening pace but there are few third party management
groups in the Bay Area that can provide the immediate hands-on level of service
and customized approach that has become synonymous with Davis Partners.
“ For this reason it’s the perfect time to expand our
service, relationships and our base, building our business platform with our
current assignment while looking to add more.”
All told, the firm now operates five offices in Northern
California with nine employees.
“Diversification will be a significant aspect of our firm’s
growth as we look ahead.
"Establishing our name in Northern California at this
point in the real estate cycle is going to be important to building our
business platform in 2015, especially since Orange County and Los Angeles are
still technically recovering,” Thiergartner added.
For a complete copy
of the company’s news release, please contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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