Chicago-based commercial real estate firm Cresa has scooped up Houston-based Fritsche Anderson Realty Partners, adding the latter's 11-broker team to establish a 23-person local presence.
The combined firm will focus on occupier services, with an emphasis on representing office and industrial tenants in Houston and nationally.
Anthony Fritsche and David Anderson, who joined Cresa from the legacy Fritsche Anderson Realty Partners team, will serve as managing principals and co-market leaders for the global brokerage's Houston office.
Fritsche and Anderson launched Fritsche Anderson Realty Partners in 2007 after working together as partners at Trammell Crow Co. in Dallas and Houston.
Since then, their firm has grown into one of Houston's largest privately held commercial brokerage firms focused exclusively on tenants. The firm's team has collectivity completed more than 17 million square feet of transactions across the United States.
Recently Fritsche and Anderson represented Houston-based Rimkus Consulting Group Inc., a forensic engineering, technical consulting and expert witness service firm, in its headquarters move. Rimkus signed a long-term lease for its new office in the 171,486-square-foot midrise once known as Woodbranch III.
"We felt there was an alignment with Cresa very early in our discussions," Fritsche said. "To join a firm whose mission and culture are in parallel with our own was important to us, and the opportunity to leverage Cresa's platform and resources to better serve our clients is very energizing. We are excited to join the momentum Cresa has generated across the country and look forward to building an industry-leading team in Houston."
Anderson added that the commercial real estate industry continues to shift toward a more global focus, so teaming up with Cresa will allow the local firm to continue providing clients with the service they have come to expect while adding the backing and comprehensive resources that Cresa has to offer.
"By joining Cresa, and through their global partnership with Knight Frank, we have set the stage to lead in Houston and deliver both extensive and transformative solutions to our clients locally and across the globe," Anderson said.
Cresa, meanwhile, has been on a growth spree in recent years, acquiring four companies within the past 18 months.