The fast-growing Avison Young continued its hiring spree and physical growth spurt by announcing today that Ted Stratigos would lead the firm’s new Long Island office.
Mr. Stratigos comes to Avison after 33 years at Cushman & Wakefield‘s Long Island branch, where he most recently served as a Principal and Managing Director. The Canadian firm has expanded to 50 offices from 11 just four years ago.
“Expanding into the Long Island market after successfully launching offices in New York City and New Jersey last year is the next natural progression for Avison Young as we look to further strengthen our presence in the critical New York Metropolitan Area,” Chairman and CEO Mark Rose said in a prepared statement. “As our 50th location, this new office is also strong validation of our U.S. expansion strategy and reflects the demand that exists in the marketplace for the unique, principal-led, client-centric service approach we deliver.”
The Long Island office is located in Melville. Avison leased its first Manhattan headquarters–a 15,000-square-foot space at 623 Fifth Avenue–just over a year ago. Last December, it won its first Manhattan leasing assignment when Paramount Leasehold LP tapped it to market 1501 Broadway in Times Square.
“I have been impressed by the way Avison Young is setting up its organization and making a name for itself in highly competitive markets across the U.S.,” Mr. Stratigos said in a statement. “This is an exciting opportunity to play a key role in Avison Young’s expansion into this market and I look forward to recruiting talented real estate professionals to work together as a team, with the goal of providing the best real estate services possible to the Long Island business community.”
“Despite its tremendous growth, Avison Young still operates as a closely knit firm and I am delighted to lead this new office.”