NEW YORK CITY (February 24, 2016) –- Hightower, the leading leasing management platform for the commercial real estate industry, experienced record growth in new customers, product features, and headcount in the last quarter. The firm welcomes Invesco, Kilroy Realty, Osprey, Friedman Integrated Real Estate Solutions, SteelWave, and over a dozen other leading commercial owners to the platform.
“We could not be more thrilled to be selected as the exclusive leasing management platform for these industry leaders,” said Brandon Weber, Hightower CEO. “They represent some of the most respected and influential names in commercial real estate and we look forward to partnering with them to streamline their leasing business.”
In Q4 of 2015, Hightower saw its greatest quarter-over-quarter growth period to-date, expanding 68% in new assets and 58% in new square footage on the platform. The first quarter of 2016 has seen a continuation of this growth.
The team also grew to 67 employees, and opened offices in Dallas and Toronto. Hightower is also in the midst of expanding to Europe, opening its London office on March 1.
“The strides that Hightower has been making as a company are quite impressive, and are one of the main reasons we chose them as our leasing management platform,” said Robert Palmer, Senior Vice President for Kilroy Realty Corporation. “It is clear they are driving the future of commercial real estate technology, and we are excited to be using their products to gain operational efficiencies.”
Hightower has launched a variety of new products and partnerships. Recent updates to the platform include the first-ever stacking plan for mobile devices, portfolio-wide leasing activity reports, and custom NER calculations. Hightower’s third product Tenant Advisor, which launched in November 2015 as the first leasing management platform designed specifically to support commercial tenant rep brokers, has seen rapid adoption in the tenant rep brokerage community.
“The response from the market has been extremely positive with over 1,000 tenant rep brokers already signed up for the product in the first two months,” said Weber. “This is an important step in our vision to create a platform for the CRE community to collaborate on deals throughout the entire lifecycle.”
Hightower is the leading end-to-end leasing management platform for the commercial real estate industry that helps brokers and owners save time, improve visibility, and reduce risk in their portfolio. Founded in 2013, Hightower has thousands of customers from around the world using its platform, including Vornado, CBRE, NGKF, Beacon Capital, JLL, Shorenstein and more.