Tampa, FL — Ken Lane and Clay Witherspoon, Avison Young Principals and Managing Directors of the firm’s Tampa office, announced today the strategic hiring of commercial real estate industry leader Tim Callahan.
Effective immediately, Callahan becomes a Principal of Avison Young. Based in the company’s Tampa office, he will lead the firm’s capital markets expansion in Central and North Florida. Callahan brings to Avison Young 28 years of commercial real estate experience with Cushman & Wakefield in Tampa, where he most recently served as a director.
“The timing is ideal to bring Tim on board to lead investment sales for our office, as Orlando and Tampa were two of the top three markets for growth in Florida’s industrial investment sales this past quarter,” comments Lane. “Also, we are witnessing an uptick in demand for office properties in our region as investors look north due to price increases in South Florida. Tim has a proven track record in investment sales and leasing of industrial and office assets on a national level, but it is the combination of his local market knowledge and access to broad financial options that will effectively guide the expansion of our capital markets regionally.”
Avison Young opened its first Florida office in Fort Lauderdale in October 2012 with 30 employees. Since then, the firm has grown its statewide footprint to seven offices and 160 employees, providing representation in all key geographic locations – Fort Lauderdale, Miami, Boca Raton, West Palm Beach, Orlando, Tampa and Jacksonville. The addition of Callahan is part of the firm’s strategic growth trajectory and diversification of services catering to existing and new clients.
“The opportunity to take a transformative position within a company that provides a nimble and attractive platform rarely presents itself,” says Callahan. “I am eager to be part of Avison Young’s Principal-led, collaborative culture, and to work alongside great local and regional leadership to establish a reputation for excellence in capital markets services for Avison Young in the Central and North Florida regions. I also look forward to working with my new colleagues throughout the U.S., Canada, Mexico and Europe.”
Throughout his career, Callahan has specialized in the sale and leasing of industrial, office and triple-net-leased properties, as well as sale/leasebacks on behalf of institutional clients, public and private companies and individual investors. In the past three years alone, Callahan has negotiated more than 6.5 million square feet of transactions with such clients as Jabil Circuit, Inc., Carter Validus REIT, Exel Logistics, Mitsubishi Power Systems and Muscarelle Development.
Callahan has earned numerous industry accolades during his career, including multiple Florida Gulfcoast Commercial Association of Realtors (FGCAR) production and Deal of the Year awards, as well as Cushman & Wakefield internal awards for excellent service and deals of the year. Additionally, he has been active in the commercial real estate industry as a member of NAIOP and currently serves on the Board of Directors for NAIOP’s Tampa Bay chapter. He is also involved with Tampa’s Real Estate Investment Council (REIC). Callahan holds a Bachelor of Arts degree in economics from Stetson University.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 78 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.