Beau Box Commercial Real Estate has acquired Lafayette-based Valor Commercial Real Estate, giving the merged company reach from New Orleans and Baton Rouge into Lafayette, the company said in a news release Wednesday.
Former Valor President Monty Warren will assume the role of vice president of Beau Box Commercial Real Estate under President Beau J. Box.
Terms of the deal were not disclosed.
Valor Commercial’s staff of five in Lafayette will expand to seven and remain with Warren in their location on Rue Iberville in Lafayette, the company said. Beau Box Commercial Real Estate has 30 employees in Baton Rouge and New Orleans.
The company said the deal would allow it to grow in commercial brokerage, site selection, property management, development, consulting and corporate real estate services.
Beau Box Commercial Real Estate is one of the highest-grossing commercial real estate firms in Louisiana, representing big-box national chain stores and assisting clients in securing retail space, office property, vacant land and industrial properties.
Box founded the company in 2005 after years with Latter & Blum. Clients include Home Depot, Target, McDonald’s, Carmax, AutoZone and Fed Ex.
Valor was founded by Warren, who had previously worked for Pool Corp. and Stirling Properties, in 2009, specializing in tenant and buyer representation assignments.
Most recently Valor secured the site for a $65 million, 200,000-square-foot Halliburton manufacturing facility.
Other clients include Halliburton, Schumacher Group, Kellogg Brown & Root, Snyders/Lance Foods, HUB International, Wesco and Progressive Waste.
“As a full-service commercial real estate broker, it is a wonderful opportunity to work with Monty,” Box said in a news release. “He brings extensive commercial real estate experience and has already made his mark on Lafayette and the Acadiana area.”