London firm invests in FHO

Looking for global heft, FHO Partners, a Boston commercial real estate brokerage, said today it has entered an agreement with DTZ, a London-based real estate advisory company, that gives DTZ the option to buy FHO by spring 2008.

The agreement includes an initial $2 million investment by DTZ in FHO, and FHO has rebranded itself as DTZ FHO Partners; if DTZ exercises all its options and moves forward with the purchase, the purchase price would be $35 million, a company spokeswoman said.

The agreement enhances FHO's ability to meet its clients' global needs in transaction management, capital markets, project management services, and real estate appraisal, FHO managing partner Joe Fallon said in a statement.

The Joe Fallon of DTZ FHO is not to be confused with Fan Pier developer Joe Fallon.
(By Chris Reidy, Globe staff)