Transwestern Real Estate Services has completed the acquisition of West, Lane & Schlager (WLS), a26-year-oldcommercial real estate firm exclusivelyrepresenting tenants in the greater Washington, D.C. market. The transaction, which adds 10 team members to the firm’s Tenant Advisory + Workplace Solutions platform in the Mid-Atlantic region, comes on the heels of Transwestern’s December 2022 acquisition of MGA, Inc., that added 11 team members and a diverse portfolio of clients in Washington, D.C., and nationwide.
“Acquiring MGA and WLS, two well-respected D.C.-based real estate firms, represents a significant milestone in Transwestern’s growth strategy,” said Phil McCarthy, Transwestern’s Mid-Atlantic Executive Managing Co-Director. “WLS’s platform of expertise in tenant advisory solutions creates a synergetic partnership, expanding our full-service capabilities,so we are better positioned to advise clients on how real estate can help move their organizations forward.”
Formed in 1996, WLS provides tenant representation, investment services, construction management, lease audit and strategic planning to mid-market trade associations, law firms, nonprofits, government relations firms, government contractors and technology companies. WLS’s notable clients includeCohen, Milstein, Sellers & Toll, Arnold Ventures, American Gaming Association, Bipartisan Policy Center, Save the Children,Pew Research Center, and Birch, Stewart, Kholasch& Birch.
“Over the past 26 years, WLS has earned a reputation for representing tenants from a focused, team-centric approach. Joining Transwestern’s industry-leading enterprise enables us to better serve our clients with broader resources and a deeper bench of specialists,” said Eric West, WLS Co-Founder and Principal.
Transwestern is a global, diversified real estate firm with more than 265 team members in the Mid-Atlantic region, providing tenant advisory, agency leasing, asset services, capital markets and consulting services to owners, occupiers and investors of real estate.
Nationally, Transwestern continues to enhance its platform with tools and talent in markets where it already has a strong presence, ensuring it is equipped to help clients navigate a new era of commercial real estate. The firm recently acquired Chicago-based MB Real Estate, adding nearly 120 team members, tenant advisory and project services, and a regional property management portfolio of more than 12 million square feet.
WLS began operating as Transwestern on January 25, 2023.