Colliers expands to Cincinnati and Cleveland, Ohio
March 07 2022 - 7:30AM
Leading diversified professional services and investment management
firm Colliers (NASDAQ and TSX: CIGI) today announced the
acquisition of Colliers Greater Cincinnati and Colliers Cleveland
(“Colliers | Greater Cincinnati - Dayton” and “Colliers | Cleveland
– Akron”), which were previously affiliate operations. As
company-owned operations, Colliers | Greater Cincinnati – Dayton
and Colliers | Cleveland – Akron will be able to continue to build
on their market leadership by increasing service capabilities and
leveraging the resources of Colliers’ growing and innovative
platform. Details of the transaction were not disclosed.
Founded in 1958, Colliers Cincinnati has been one of the leading
commercial real estate services firms in Greater Cincinnati. Under
the Colliers brand, it expanded into Cleveland in 2012. With more
than 100 professionals, the operations provide landlord agency,
tenant representation, investment sales brokerage, property
management, and project management services to investors,
developers, and occupiers of commercial real estate.
“Cincinnati’s and Cleveland’s diverse economies, low cost of
living, strategically advantageous locations, and well-educated
populations make these cities an important part of our strategic
growth plan for the Midwest,” said Ryan Kratz, Colliers President,
Southeast and Mid-Central Regions | U.S. Brokerage.
“Colliers | Greater Cincinnati – Dayton and Colliers | Cleveland
– Akron have a team of highly respected and experienced
professionals who have built outstanding reputations. This
acquisition will allow the businesses to grow their presence and
benefit from the full suite of service capabilities under the
Colliers umbrella.”
“Integrating into Colliers was a natural next step that will
allow us to capitalize on more opportunities in our two markets,”
said Shenan Murphy, Vice Chairman of Colliers | Greater Cincinnati
– Dayton and Colliers | Cleveland – Akron. “We look forward to
accelerating our growth and continuing our success story by being a
part of Colliers’ highly respected, global platform and leveraging
its size, capital, established infrastructure, and industry
leadership.”
About ColliersColliers (NASDAQ,
TSX: CIGI) is a leading diversified professional services and
investment management company. With operations in 64 countries, our
17,000 enterprising professionals work collaboratively to provide
expert real estate and investment advice to clients. For more than
27 years, our experienced leadership with significant inside
ownership has delivered compound annual investment returns of 20%
for shareholders. With annual revenues of $4.1 billion and more
than $50 billion of assets under management, Colliers maximizes the
potential of property and real assets to accelerate the success of
our clients, our investors, and our people. Learn more at
corporate.colliers.com, Twitter @Colliers or LinkedIn.
Company Contacts:
Christian MayerChief Financial Officer(416) 960-9500 Ryan Kratz
President, Southeast and Mid-Central Regions | U.S. Brokerage(786)
517-4978
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