David Tilton joined the Denver office of Avison Young as a principal.
Tilton will continue to focus on his capital markets specialty in his new role working closely with Alec Wynne, principal and managing director of the firm’s Denver office, and Principal Rick Egitto.
Tilton also will help grow the Denver office’s investment sales practice and capital markets group while serving new and existing clients. He brings 36 years of commercial real estate industry experience to Avison Young, most recently as executive managing director with Newmark Knight Frank.
“We are thrilled to have David join Avison Young,” commented Wynne. “He is a consummate professional who will deepen our collective bench strength in the capital markets service line. With more than three decades of industry experience, he brings key relationships that will quickly ramp up our institutional presence in Colorado and beyond. The addition of David to our capital markets team is significant; due to his extensive institutional-investment-transaction experience, he will provide a tremendous amount of value and elevate our brand within the capital markets space.
“We fully expect that our capital markets group will now be competing on the big stage of institutional buying and selling of major properties across the front range in Colorado,” Wynne added. “Lastly, David is a perfect fit culturally. He stands for many of the principles that we embody – including integrity, collaboration and hard work. With David on board, 2018 will prove to be an exciting year for Avison Young in Denver.”
Prior to joining Newmark Knight Frank in 2010, Tilton spent 28 years with the Frederick Ross Co., where he spearheaded the firm’s investment sales practice while rising to the position of executive managing director and partner.
During his career, Tilton has negotiated investment acquisitions and dispositions valued in excess of $2 billion and covering more than 70 million square feet, primarily in the office asset class. In 2017 alone, he brokered four office investment sales transactions involving assets with a combined value of $94.55 million. His notable transactions in recent years include the sale of 1800 Larimer, a 22-story, class AAA office high-rise for $430 per square foot – the highest price on record for a Denver office building at the time; Mountain View Corporate Center, a Class AA, four-building office complex, which sold for more than $200 psf, establishing a new price benchmark for the suburban northwest; and the three-building CH2M campus located in the Meridian International Business Park for $122 million ($330 psf).
“I am pleased to be continuing my career at Avison Young, which will provide me with the opportunity to expand my business by growing the investment sales practice in Denver and employing different investment strategies,” said Tilton. “I was also excited by the opportunity to become a principal of an international firm, while working with different clients and participating in the company’s numerous community projects. I look forward to recruiting and mentoring up-and-coming capital markets professionals in Denver, collaborating with my new colleagues across the company, and contributing to Avison Young’s ongoing aggressive global expansion program.”
Tilton holds a Bachelor of Arts degree in physical science from the University of Northern Colorado.