New York real estate firm acquires Cresa Carolinas
June 20, 2016

A New York commercial real estate company recently acquired Cresa Carolinas, a tenant representation firm with offices in Charlotte and Durham.

Savills Studley, which also specializes in tenant representation, purchased Cresa Carolinas for an undisclosed amount. The newly-acquired North Carolina offices will continue to provide tenant representation, transaction management and project management to companies, particularly ones in the high-tech and life-science sectors.

Mark Ayers, former leader of Cresa Carolinas and managing principal of Cresa Carolinas’ Charlotte office, will serve as Carolinas market leader, with direct oversight of Savills Studley’s Charlotte operations. Edwin Yarbrough IV, former managing principal of Cresa Carolinas’ Raleigh-Durham office, will oversee operations for Savills Studley’s Raleigh-Durham office alongside Tucker Shade...

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