Colliers International Welcomes New DC Region Market Leader

Commercial Real Estate Veteran David Parker Named Managing Director

Feb 22, 2016, 11:10 ET from Colliers International

WASHINGTON, Feb. 22, 2016 /PRNewswire/ -- Leading global commercial real estate services firm Colliers International (NASDAQ: CIGI, TSX:CIG) today announced that David Parker, a 30-year commercial real estate veteran, will join the firm as Regional Managing Director | Washington, DC. Parker will oversee the company's business in the District of Columbia, Northern Virginia, and suburban Maryland. Colliers has expanded its footprint in the region significantly over the past few years with its full service offerings to investors and occupiers, including brokerage, capital markets, corporate solutions, property management and appraisal services.

"David brings to Colliers a stellar track record of building and growing successful real estate enterprises," said Joseph Harbert, Colliers President | Eastern Region. "His diverse and progressive experience in all aspects of commercial real estate, coupled with his proven leadership skills and exceptional relationships in the market, make him the right person to continue our growth in the Washington, DC region. The nation's capital is one of the top markets in the Eastern region, and in the country, and growing our business here is a priority for the company,"

In Parker's three-decade career, he has marketed, leased, and sold more than 10 million square feet of commercial real estate. Most recently, he was Executive Vice President and Managing Director of a privately held commercial real estate firm, where he oversaw a portfolio of 12 million square feet, from Washington, DC, to Boston. Prior to joining that firm, he served as Senior Vice President with Cassidy & Pinkard, Inc., where he expanded the Northern Virginia office and directed the firm's efforts to build its brokerage business in that market. Parker also held management positions at the Mid-Atlantic office at Prentiss Properties and at The Kaempfer Companies.

"The Washington, DC region is on a trajectory for growth in this highly dynamic commercial real estate market and Colliers commitment to success here is exciting," said Parker. "I look forward to working with this dedicated and entrepreneurial team to expand our footprint as we service clients with seamless and effective real estate solutions."

Active in business and community activities, Parker currently serves as Commissioner for the Loudoun County Industrial Development Authority. In the past, he also served as Chairman of the Loudoun County Economic Development Commission and President of the Dulles Area Transportation Association. He is currently a member of NAIOP Commercial Real Estate Development Association and the Urban Land Institute. He is a graduate of Williams College.

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 10 consecutive years, more than any other real estate services firm.

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SOURCE Colliers International