Tri State Commercial Realty, a New York-based commercial real estate consulting and brokerage firm, has acquired Precision Realty Group, headquartered in Philadelphia and Berwin, Pennsylvania.
The firm was renamed TSC Precision. Both companies specialize in leasing and investment sales.
Tri State Commercial Realty was founded in 2014 by its president, Shlomi Baghdadi, an Israeli-born entrepreneur who expanded his firm to 65 brokers holding 20 percent of all Brooklyn leases last year.
TSC Precision was founded in 2007 by Sean Lyons and Steve Jeffries. Lyons is president and Jeffries is a partner of the company.
Tri State Commercial Realty specializes in office, retail and industrial real estate serving the New York, New Jersey and Connecticut markets. TSC Precision serves the same asset classes and focuses on areas in and around downtown Philadelphia, as well as other locations in Pennsylvania and New Jersey. Delaware, Massachusetts, Illinois and Georgia.
“TSC Precision is one of the leading commercial real estate brokerages in Philadelphia,” Baghdadi said. “This acquisition allows us to better serve our customers by building a broader market network while also providing the local knowledge for which we are known. We will be able to better serve customers along the I-95 by leveraging our extensive network. ”
He noted that both companies are investing heavily in technology, office efficiency and staff development, and that both companies emphasize that customer service is a key factor for business success.
“Our two companies have both a successful track record and a strong commitment to excellence,” Lyons said. “We are committed to further improving and expanding what each firm has built in their respective major cities. We will continue to build on our reputation for exceeding customer expectations and delivering superior sales and rental services. ”
“This is a huge milestone for Precision’s growth and the opportunities we offer our customers,” Jeffries added. “The infrastructure, technology and culture of Tri State Commercial Realty will provide our clients with new opportunities through broader marketing, expanded workforce, additional agents, and increased employee performance in general.”
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