TORONTO, January 5, 2016
— Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI
) announced today the acquisition of Colliers International Central Florida (“Colliers Central Florida”). With 165 professionals in offices in Tampa, Clearwater, Orlando and Ft. Myers, Colliers Central Florida provides a full range of services including investment sales, lease brokerage, capital markets, valuation and advisory and property management to local, regional, national and international clients. Terms of the transaction were not disclosed.
“We continue to expand and diversify our operations in Florida, both internally and through acquisition. The momentum we have created in the market is compelling,” said Joseph Harbert, Colliers International President | Eastern Region. “Integrating Colliers Central Florida with our existing operations in Miami, Ft. Lauderdale and Palm Beach, almost doubles our size and provides our clients with the leading commercial real estate service platform in the State,” he concluded.
“As a longtime partner with Colliers, this transaction is really a natural progression for us,” said Lee Arnold, Founder and CEO of Colliers Central Florida. “Our goal has always been to provide the most innovative real estate advisory services to our clients and, together with Central Florida President, Ryan Kratz and the rest of our team, we expect this to continue moving forward. As importantly, having the opportunity now to integrate operations in Florida and leverage the size, capital and established infrastructure of the Colliers global platform will enable us to better serve our clients and create more opportunities for our people. I have never been more excited about our future,” he concluded.
“Following the successful acquisition of Colliers International Atlanta last year, this acquisition further strengthens our best in class service platform and reinforces Colliers in the Southeast, and nationally as the firm of choice for organizations and professionals who seek to join a company with an enterprising culture,” said Craig Robinson, President of Colliers International | USA.