Inland's Brokerage and Property Management Divisions Expands Colliers' Midwest Footprint
MILWAUKEE and SEATTLE, May 4, 2012 /PRNewswire-USNewswire/ -- Further strengthening its Midwest presence, Colliers International has added Inland Companies' brokerage and property management divisions to its global operations. Starting today, the two divisions will begin operating under the Colliers' name and brand.
"As we continue to expand our footprint in the Midwest, we see Inland Companies as the right partner to give us the edge and expertise in the Wisconsin market," said Tom Murray, Regional Managing Director | Central Region | USA. "With its impressive portfolio and a company culture that aligns itself nicely with our own, Inland was the only option for Colliers. With Inland, we look forward to future growth and expansion throughout Milwaukee, the state of Wisconsin and the entire region."
By joining Colliers International's 12,300 professionals operating out of more than 522 offices in 62 countries, Inland Companies and its staff of 50 commercial real estate brokerage experts and property management professionals will bring a new class of services and tools to its existing clients.
"We are excited to blend our talented team at Inland with Colliers International, the leader in global real estate services," said Scott Welsh, President/CEO | Wisconsin. "Our main focus was to maintain our culture and 'Accelerate our Success' through their global reach."
In 2011, Inland's Milwaukee-area real estate brokers completed approximately 300 transactions totaling more than $160 million. Inland Companies' property management division serves more than 2,700 tenants daily and oversees a portfolio of approximately 6 million square feet of office, retail, industrial, residential, mixed use, receiverships and special use facilities throughout Wisconsin. Notable clients include Commonwealth REIT, Anchor Bank, Clarion Partners, Welsh Invest, ORIX Capital Markets, RAIT Financial, Zeller Realty, First Industrial, Mall Properties and CBL Properties.
"When we considered how to take Inland to the next level, Colliers was the perfect fit," said Mike Fardy, COO/Partner | Wisconsin. "From its culture to its strong property management and brokerage expertise, Colliers was the complete package."
Scott Welsh will continue as the company's president and CEO, and Mike Fardy will continue serving as COO and partner. All brokers and staff will remain with the company, and Inland Construction and PROTECH divisions will continue operating under the Inland Companies umbrella.
"We are thrilled about this transition and look forward to the next phase of growth with Colliers," said Welsh.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
About Inland Companies Inland Companies is Wisconsin's only full service real estate company headquartered in Milwaukee, Wisconsin. Inland Companies consists of over 120 professionals who provide their clients with expertise in Commercial Real Estate Brokerage, Property Management, Investment Sales, Special Asset Services, Real Estate Development, Construction and Facility Maintenance Services.
SOURCE Colliers International