Founder and CEO Peter Gardner will lead Colliers’ property management operations in South Florida. Financial details of the transaction were not disclosed.
“This acquisition will add significant scale to our South Florida operations, particularly our property management capability, which will further enable us to focus on growing relationships and expanding our services to clients in this important and thriving region,” said Karen Whitt, Colliers International’s president of Investor Services & Real Estate Management Services USA.
Colliers will be acquiring two South Florida offices in Coconut Grove and Plantation, which account for about 70 employees between the two offices. Colliers has about 36 brokers and property managers.
The acquisition will add more than 7 million square feet of office, industrial and retail space in South Florida to Colliers’ portfolio.
“We’ve been committed to expanding our operations in South Florida and this is another major step forward,” said Craig Robinson, President of Colliers International USA. “The integration of Pointe Group Advisors’ highly experienced team of professionals will not only strengthen our local operations but also continue to position Colliers in the region that serves as a key gateway to Latin America and the world.”
Colliers International South Florida ranked No. 8 on South Florida Business Journal’ s 2015 list of Top Commercial Real Estate Brokerages with $560 million in sales and leases. Pointe Group Advisors ranked No. 25 on the list with $111 million in sales and leases.
“While we have enjoyed tremendous success as an independent firm, we are increasingly competing in a global environment where clients require a comprehensive worldwide platform and industry-leading tools in order to serve them consistently over many geographic regions,” Gardner said. “By joining Colliers, we are part of a team that is culturally aligned to ours and is ideally positioned to continue excelling in the Florida market by leveraging the Colliers global brand, infrastructure and relationships.”