A North Texas commercial property firm is merging with a global real estate services provider.
Frisco-based Esrp — a 9-year-old commercial tenant representation firm — has merged with Chicago-based Cresa, the global real estate services company.
Esrp will lead Texas’ operations and bring nearly 50 professionals to the company, which will have offices in Frisco, downtown Dallas, Houston and soon Austin.
Esrp has represented businesses including NTT Data Services, Riddell, Mattress Firm, 7-Eleven and Neiman Marcus in local real estate transactions.
“We are thrilled to welcome Esrp to the Cresa family,” CEO Tod Lickerman said in a statement. “The level of success and caliber of clients established within their first nine years is rare.
“We admire Esrp’s strategic, consultative and conflict-free, client-first reputation. “
Cresa’s main office will now be at Esrp’s headquarters in the Dallas Cowboys Star at Frisco development.
Esrp CEO Sharon Morrison will become a member of Cresa’s board.
“We see the future of Cresa,” Morrison said in a statement. “We are excited about the talent, passion and vision of this leadership team.
“Further continuing to fulfill our mutual focus of serving clients, without conflicts, was paramount for us in deciding to merge with Cresa.”
Esrp was originally founded in partnership with Dallas Cowboys star Emmitt Smith, who severed ties with the company in 2017.
Including its partnership with London-based Knight Frank, Cresa has 380 offices worldwide.