REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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REOC Partners acquires NAI Austin

REOC_San_Antonio_AustinCommercial real estate firm REOC Partners in San Antonio, Texas announced Friday, January 15th that it has acquired NAI Austin, an affiliate of the NAI Global network.  Both companies will be renamed REOC San Antonio and REOC Austin to enjoy the advantages of cross-market branding and name recognition.

Formerly Commercial Industrial Properties Co., REOC Austin was founded in 1975 by Frank Niendorff who now plans to retire and focus on other interests.  With 16 brokers (8 of whom have more than 20-years of experience in the industry), REOC Austin has grown over the years into one of the most respected and experienced commercial real estate brokerage firms in Central Texas.   REOC San Antonio (through REOC Partners, Ltd) has been operating in San Antonio for over 35 years.

Together the two firms will have nearly 90 associates, over 30 brokers and nearly 60 associates in property management, research, accounting, development, construction management and support staff.

Todd A. Gold, CCIM, President and Managing Partner of REOC Partners, Ltd., the holding company that owns both REOC San Antonio and REOC Austin, stated: “This is a great day and a tremendous opportunity for all of the hard working people at both of these firms.  With most economic experts pointing to the San Antonio and Austin areas as two markets that are  poised to recover first from the  national recession, this could not be a better time to position ourselves to take advantage of the opportunity on the horizon.”

This is not the first time Gold and his partners have identified opportunities at a time when others were seeking shelter during tough economic times.  The current REOC partnership group was formed in 2001 in the shadow of 9/11 and grew over the following decade to become the largest privately held full service brokerage and property management firm based in San Antonio.  REOC San Antonio, along with REOC Austin, hopes to achieve similar success as the economy pulls out of recession.

When REOC Partners joined the NAI Global network in January of 2007, Niendorff had already been contemplating his succession plan and approached Gold and Brian D. Harris, Senior VP and Principal of REOC Partners about their potential interest.  Niendorff added, “It was a good cultural fit from the beginning.  This is a huge opportunity for our team.  Todd’s group brings with them an array of additional services such as property and asset management, construction management, research and forecasting capabilities and more that will greatly enhance the core brokerage services we have been providing our clients in Austin over the years.”

 Together the new group plans to focus its energies on growing their base in their respective core markets with an eye toward the serving the entire I-35 corridor.  Gold stated that: “Much like the Dallas-Ft. Worth metroplex, we are confident that some of the greatest growth potential will occur between within the corridor between Austin and San Antonio. We will be well prepared to meet that challenge as the market begins its recovery.”

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