Colliers International Further Expands Platform with Addition of Hearn Burkley in Greater Baltimore

Baltimore's Top Office Brokerage Team Also Joins Colliers

SEATTLE and BALTIMORE, Dec. 6, 2010 /PRNewswire/ -- Colliers International has further bolstered the rapid growth of its U.S. platform with the addition of Hearn Burkley, one of the Mid-Atlantic region's most highly regarded commercial real estate firms. Colliers International also announced that Baltimore's top office brokerage team will join the organization.

Rebranded and operating as Colliers International, Hearn Burkley will transition from a growing regional powerhouse into a key hub for one of the world's leading real estate organizations, with 15,000 employees operating out of more than 480 offices in 61 countries and with revenues of nearly $2 billion.  

"With the addition of Hearn Burkley as part of the Colliers International platform, we continue our strategy to build our market share in the U.S.," said Dylan Taylor, chief executive officer of Colliers International in the U.S.  "The firm meets every criterion we look for when expanding into additional markets—it is the most client-centric and culturally-aligned firm in the Baltimore market, and is poised to continue its impressive record of growth as it fully embraces the Colliers International business model."

With 55 professionals in Columbia, Maryland, the firm is focused on providing a full line of services to the Mid-Atlantic region, including brokerage and property management, development and consulting, and construction and engineering. Hearn Burkley currently manages 7 million square feet across more than 100 properties throughout the Baltimore region. "Aligning with Colliers International is the next logical step in our firm's growth," said Timothy R. Hearn, Hearn Burkley's chief executive officer.  "Last year's acquisition of Corridor Reznick and our continuing investment in the business ideally positions us to become an important contributor to Colliers International on a local, regional and national level."

The firm also announced that Gary Applestein and Clare Berrang, formerly of the Baltimore office of MacKenzie Commercial Real Estate Services, will join Colliers International's Baltimore operation. Recognized as one of the top office leasing teams in the Baltimore region, Applestein and Berrang will work from the company's Columbia, MD location. The team has arranged several significant transactions including the sale of an 110,000-square-foot building for ADP, Inc. in Owings Mills, MD as well as leasing 160,000 square feet of medical office space adjacent to the Howard County General Hospital in Columbia, MD.

About Colliers International

Colliers International is the third largest commercial real estate services company in the world with 15,000 professionals operating out of more than 480 offices in 61 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.  The latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate firm in the world.  

Contact: Richard Mullieri, [email protected], or Parke Chapman, [email protected], both at +1-212-889-0808

SOURCE Colliers International