Tricor Realty Advisors, a Dallas-based firm that represents landlords in leasing transactions, has agreed to merge with United Commercial Realty, also of Dallas. The merger creates the largest third-party shopping center leasing and management company in Texas with a combined portfolio of more than 167 shopping centers and retail buildings with a total of 16 million sq. ft.
David Pemberton, chairman and CEO of Tricor, will join United Commercial as president of landlord services. Other key members of Tricor’s team will join him, including Robin Smith, Brooke Bowen, Warren Houser, Jon Waters and Karen Kerbow Acosta.
"Though we have been extremely successful in project leasing, we felt the need to strengthen our capabilities in landlord representation," said United Commercial President and CEO Mickey Ashmore in a statement. "This is a powerful merger that will reinforce our position in the marketplace by clarifying our focus on project leasing."
UCR exclusively represents Blockbuster Video, Starbucks, Eckerd, Borders Books, Crate & Barrel and other major retailers in the Dallas-Fort Worth Metroplex.