Yardi Boosts CRE Listing Network With 42Floors.com Acquisition
In a strategic move to continue the expansion of one of the fastest-growing commercial real estate data and marketing services suite, Yardi has acquired 42Floors.com, the popular commercial real estate listing service for tenants and brokers. The innovative online marketing platform has also undergone a complete redesign. The exciting addition marks the fifth marketplace in the dynamic CommercialEdge Listing Network.
The upgraded website’s premium commercial property search engine features upwards of 320,000 listings nationwide across multiple sectors, including traditional office, coworking and flexible spaces, as well as retail, industrial and warehouse properties. The newly revamped platform — designed to ensure an efficient and streamlined experience for tenants, investors and commercial real estate professionals — is seamlessly integrated into Yardi’s growing system of solutions dedicated to commercial real estate.
The 42Floors.com site joins the CommercialEdge network of marketplaces comprised of Point2, CommercialSearch, CommercialCafe and PropertyShark. The well-established network draws 2 million visits to commercial property pages each month and generates more than 200,000 leads per year. The unique set of strengths 42Floors adds to the mix is poised to further drive growth by bolstering traffic and verified leads.
CommercialEdge, Yardi’s all-in-one commercial property research and marketing platform, is the result of more than a decade of CRE research and refinement. With Edge Marketing, commercial real estate professionals can effortlessly manage, market and syndicate their listings to Yardi’s network — as well as to other platforms — all while retaining full ownership of their marketing data. Furthermore, Edge Research enables clients to access up-to-date, precise property data; listings; sales; ownership and lease information, as well as interactive canvassing and mapping tools.
As Brian Sutherland, vice president of commercial at Yardi, emphasized:
“We are excited about the continued expansion of one of the fastest-growing networks for commercial property research and marketing. With the addition of 42Floors.com, we can provide even more depth of data and high-return avenues of visibility for CommercialEdge clients to market and drive their business.”
42Floors.com was purchased from Roni Mova, principal of United Group, who was represented by Dan Fasulo. For more information about 42Floors.com or CommercialEdge, contact [email protected].
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.