Brokerage merger brings big business to Brooklyn

Brooklyn Paper
Share on TwitterTweet
Share on Facebook

Don’t miss our updates:


CPEX Real Estate, a commercial brokerage firm based in Downtown Brooklyn, will join together with an international firm called SVN, which acquired 50 percent of the Brooklyn company in June.

The partnership will allow the small brokerage to grow exponentially and better serve Brooklynites, according to its executive.

“For our clients, it’s a chance to cast a wider net — to offer their properties to a larger pool of customers,” said Timothy King, who has run CPEX since 2008. King added that SVN’s 200 offices across the country will allow the boutique firm to access more resources and a larger client base.

King, who was born and raised in Canarsie, has worked in real estate brokerage for 40 years. In 2008, he co-founded CPEX, which aimed to redefine commercial brokerage by “applying the investment banking operating platform to the commercial real estate middle market,” according to the firm’s website.

The brokerage company sells large commercial properties — like Liberty Plaza in Sunset Park — as well as mom ’n’ pop stores, and it quickly gained a foothold in the industry: In 2015, Forum Magazine named CPEX one of the fastest growing companies in the country.

Some of the firm’s most recent projects include brokering a $280 million ground lease of an industrial site in Red Hook, and a $19.8 million purchase of two lots in Greenwood Heights, Commercial Observer reported.

For King, the partnership with SVN marks an important step for the company.

“It’s an exciting time,” he said. Although the merger will change aspects of his brokerage firm, which will become a franchisee of SVN and will be renamed “SVN | CPEX,” King plans to preserve his company’s intimate connection to the borough.

“We can now offer all the options of a large agency while working at a local level,” King said.

— Rose Adams

Reach reporter Rose Adams at or by calling (718) 260–8306.
Updated 9:14 am, July 11, 2019
Today’s news:
Share on TwitterTweet
Share on Facebook

Don’t miss our updates:

Reasonable discourse

Comments closed.

First name
Last name
Your neighborhood
Email address
Daytime phone

Your letter must be signed and include all of the information requested above. (Only your name and neighborhood are published with the letter.) Letters should be as brief as possible; while they may discuss any topic of interest to our readers, priority will be given to letters that relate to stories covered by The Brooklyn Paper.

Letters will be edited at the sole discretion of the editor, may be published in whole or part in any media, and upon publication become the property of The Brooklyn Paper. The earlier in the week you send your letter, the better.

Keep it local!

Stay in touch with your community. Subscribe to our free newsletter: