Moncton’s On the Move, So Is CBRE

CBRE opens Moncton office to address the changing needs of businesses in Atlantic Canada

MONCTON, September 8, 2014 – Businesses are taking notice of Moncton’s ambitious plans for new development and future growth, including CBRE Limited, the world’s largest commercial real estate services firm. CBRE has opened a new office in Moncton, their second in Atlantic Canada. This office will provide businesses in the province with access to CBRE’s global network of 350 offices and over 44,000 real estate professionals.
 
“Momentum is building in Moncton and across Atlantic Canada. More than ever, businesses in the region need access to the commercial real estate solutions and industry leading best practices that CBRE provides globally,” said Mark Renzoni, President & CEO of CBRE Limited. “Adam Conter will head up our Moncton office and I am confident that he will serve Moncton and the surrounding area well.”

Adam Conter, Senior Sales Associate with CBRE, brings over eight years of commercial real estate experience to the Moncton operation. Adam was recently awarded the 2014 Fiala Fellowship from the International Council of Shopping Centres for his research on retail properties and downtown revitalization. He is a member of the mayor’s subcommittee for downtown redevelopment. 

“Moncton is one of those great Canadian cities which holds to its roots, but has the capacity for great things. In the past, CBRE had utilized its Halifax office to service this area, but plans for a new stadium and residential development indicate that Moncton is stepping up to the plate, and businesses will need to upgrade their real estate strategies in the years ahead,” said Conter. “CBRE will be able to provide the professionalism, comprehensive market research and customer service that businesses need during periods of growth and change.” 

CBRE’s Moncton office will be located at 1234 Main Street and will service businesses looking to lease, sell or buy commercial real estate across New Brunswick and Prince Edward Island. The greater Moncton area has 150,000 residents and is the largest city in the province. The local economy is rooted in manufacturing and tourism, with some economists predicting that the city will exhibit the fastest growth in Atlantic Canada and be a top performer nationwide.

A recovering U.S. economy is expected to give manufacturing, mining and forestry companies a boost in the region, while civic leaders are planning to invest in new projects that will also spur growth. The Moncton office market provides existing companies with a chance to upgrade their office locations to newer, more cost effective buildings, while remaining one of the strongest industrial transportation hubs in Atlantic Canada.
“The promising economic outlook, beautiful natural setting, and proximity to major markets, bode well for commercial real estate and CBRE’s new office in Moncton,” said Renzoni.

For more information on the sale or lease of commercial real estate in New Brunswick or Prince Edward Island, contact Adam Conter:

Adam Conter, Senior Associate
(506) 386-3422
adam conter@cbre.com

About CBRE Limited
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; apraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
In Canada, CBRE Limited employs approximately 2,025 people in 23 locations from coast to coast. Please visit our website at www.cbre.ca.