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Upper Dublin selects Avison Young to begin transportation facility real-estate search and brokerage work
Summary
After a competitive RFP and interviews, district staff recommended Avison Young as the real estate broker to support a search for a new transportation facility site. The firm’s commission structure means no broker fee until a transaction closes; a 12-month engagement term was proposed with typical commission rates noted in proposals.
The Finance Committee on May 13 received an update on a request-for-proposal process to identify a real estate broker for a transportation facility site search and recommended moving forward with Avison Young.
District staff described outreach to four recommended brokerage firms; three submitted proposals and two firms were interviewed. Staff and members who joined interviews said both finalist firms were capable but recommended Avison Young as the best fit for the district’s needs. The RFP terms presented to the committee anticipated no upfront fee and standard brokerage commission payable when a transaction closes; staff reported the typical commission identified in proposals was 5% of sale proceeds.
The recommended engagement would extend for 12 months with options to terminate early; staff noted restrictions that could apply if the district purchased a property that a broker had presented within specified windows. The committee discussed timeline and next steps: if the Board accepts the recommendation at its upcoming meeting, staff will begin a kick-off meeting with Avison Young the following week and proceed to evaluate properties, options and transactional structures.
No property selection was made at this meeting, and staff emphasized the broker’s role is to identify and evaluate options for the district to consider prior to any purchase or disposal decision.
