Florida-Based Commercial Real Estate Firm Acquires Faison Enterprises Unit

CNL Commercial Real Estate Inc. has recently acquired the services business of Charlotte-based Faison Enterprises.

According to the Florida-based commercial real estate firm, such acquisition have added 39 more employees with a Faison unit looking after the leasing and management of about 7 million square feet of property in the Southeast area.

“We are simply honored to be trusted by the Faison team and its customers with this opportunity and we are excited to welcome new, talented associates,” Paul Ellis, group president of CNL said.

H. Thomas Webb, the CEO of Faison claims that the deal will allow their firm to concentrate on their investment activities and multi-family housing development. “We believe CNL is a great cultural fit for our property management employees,” he said. Once the deal was closed, CNL now has more than 160 associates and nine offices.

It was in 2011 when CNL first entered the Charlotte market when they absorb a Crosland real estate property. Last June, it has also taken over the Crescent Communities’ services business. Now that they’ve added the Faison group, the Orlando-based company will have more than 50 employees overseeing a total of 12 million square feet of industrial, office and retail space.