Cresa Acquires Renowned Houston Brokerage Firm

Two Houston occupier-focused brokerage teams are joining forces after Chicago-based Cresa acquired Houston-based Fritsche Anderson Realty Partners, the companies announced.

Courtesy of Fritsche Anderson Realty Partners

Anthony Fritsche and David Anderson

Combining Fritsche Anderson’s 11 brokers with Cresa’s Houston team, for a total of 23, will create Houston’s largest privately held CRE firm focused exclusively on tenant representation, according to a press release.

Fritsche Anderson founders Anthony Fritsche and David Anderson will join Cresa’s Houston office as managing directors and co-market leaders. Fritsche and Anderson founded their company in 2007 after working together for Trammell Crow Co. in Dallas and Houston.

“Owning and operating our own practice for the past seventeen years has been an honor and privilege and we are incredibly grateful to all of the clients, partners and colleagues who have made this journey possible,” Anderson said in the release. press.

“That said, the industry continues to move towards a more global focus and this strategic alignment allows us to continue to provide our customers with the best service they are accustomed to, with the support and comprehensive resources that Cresa has to offer. »

Fritsche Anderson has completed transactions totaling more than 17 million square feet since its inception, the release said. The firm represented Rimkus Consulting Group this year in a 50,000-square-foot lease at 12140 Wickchester Lane in Houston, also known as Woodbranch Plaza III.

“We felt there was an alignment with Cresa very early in our discussions,” Fritsche said in the statement. “Joining a firm whose mission and culture parallel ours was important to us, and the opportunity to leverage Cresa’s platform and resources to better serve our clients is very exciting.”

Cresa’s new market leaders aim for growth, according to the release, which corresponds to Cresa’s expansion.

Cresa has acquired four companies in the past 18 months. In May 2022, the company acquired Dallas-based ESRP, founded by famous Dallas Cowboys running back Emmitt Smith. Smith left the company in 2017, but ESRP continued to provide multi-market business and occupier advisory services to clients including Mattress Firm, 7-Eleven, Neiman Marcus and NTT Data Services in more than 40 countries.

The acquisition of Fritsche Anderson comes two years after Cresa moved its headquarters from Washington, D.C., to Chicago. The firm has set its sights on Texas, since it has also called on several advisors in Austin and remains in recruitment mode there, the press release specifies.

Cresa has more than 1,000 employees and more than 80 offices, according to its website. The company is also partnering with London-based Knight Frank, adding 15,000 employees and 300 additional offices to its footprint.