ARLINGTON, Va., May 6, 2011 (GLOBE NEWSWIRE) -- Two boutique real estate firms, FD Partners and Stonewater Partners, have announced their intent to merge into a new company, FD Stonewater, effective July 1, 2011. The merger brings together a combined track record of more than $10 billion in investment and acquisitions and over 37 million square feet of lease transactions, to offer a vertically-integrated, national real estate platform with capabilities in Principal Investment, Development and Advisory activities.
Founded in 2007, FD Partners has to-date primarily focused on the acquisition, leasing, and development of federal government occupied real estate. Since its formation in 2003, Stonewater has focused on corporate single tenant acquisitions, asset management and corporate advisory, including sale-leasebacks. FD Stonewater will be headquartered in Arlington, Virginia with offices in New York and Los Angeles. The firm has six Principals: Joe Delogu, Richard Mann, David Alperstein and Claiborne Williams based in Arlington, Jeff Toporek in New York and David Stade in Los Angeles.
"The best compliment I can think of coming from a former client is to have a conversation about merging firms. Stonewater has been a valued client since 2004. We have the utmost respect for each other and our relationship naturally evolved into merging firms," Delogu stated. In assessing the benefits of the new FD Stonewater entity, he continued, "We plan to continue building a boutique real estate platform through an entrepreneurial approach that provides expanded capabilities to our clients, investors and tenants."
Jeffrey Toporek added, "We are truly excited about enhancing our Principal Investment, Advisory and Development strategies, broadening our existing relationships and exploring new business opportunities given our complementary, specialized skill sets. Over the next few months we will be announcing new initiatives that will provide unique solutions from our highly-skilled, vertically-integrated real estate services and investment platform."
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