Caisse-backed Avision Young buys Florida real estate business

Avison Young has acquired Front Street Commercial Real Estate Group, a Gainesville, Florida-based commercial real estate brokerage and property management company. No financial terms were disclosed. Avison, a Toronto-based provider of commercial real estate services, said the acquisition brings its U.S. offices to 59 in all. Over the past decade, the company's worldwide network of offices has grown from 11 to 87. Last year, Avison secured a $250 million preferred investment from Caisse de dépôt et placement du Québec. The deal facilitated the exit of Canadian mid-market private equity firm Parallel49 Equity.

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