Commercial real estate firm Signature Group of Darien and real estate investment, development and asset management firm M.F. DiScala & Co. Inc. of Norwalk have entered into a strategic alliance through which Signature Group will be the exclusive broker for DiScala”™s retail and office properties in Norwalk and surrounding areas.
The rollout of the alliance will involve Norwalk locations including the Marshall”™s shopping center on Westport Avenue and the two-story retail property at 536 West Ave.
The search for a strategic brokerage partner was motivated by the retirement of Joseph Briault Sr., who has headed DiScala”™s consulting and brokerage division since 1980.
With Signature Group handling brokerage, DiScala will  focus on its other core businesses ”“ investment banking/development and real estate asset management, primarily for its portfolio here and across the U.S, the firm said.
“This is a critical move for the future of our company and we went about it carefully to find a partner that could follow in Joe”™s footsteps ”“ especially in our hometown of Norwalk,” said President-CEO Michael DiScala. “We couldn”™t have found a better partner than Signature Group. They have the experience, credibility and market knowledge required to handle our properties. And more important, they share our business philosophy of quality, service and high ethical standards.”
“M.F. DiScala, Inc. is one of the most established real estate developers in our area and we are very pleased to become their brokerage partner,” said Signature Group Vice President Bobby Gillon, who will lead the effort along with Signature Group principal Nick DeLuca. “Signature Group is well positioned to identify quality tenants for DiScala properties. We look forward to a successful collaboration.”
Founded in 1923, M.F. DiScala”™s Connecticut portfolio consists of 23 co-owned properties.
Signature Group offers services that include office and retail leasing, property management, cost segregation studies, investment sales and mortgage brokerage.
