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Colliers adds more scale to U.S. property management business, The Canadian Business Journal

TORONTO & PHOENIX, Oct. 12, 2022 (GLOBE NEWSWIRE) — Colliers (NASDAQ and TSX: CIGI), a leading diversified professional services and investment management company, today announced that Arcadia Management Group, Inc. (“Arcadia” ) announced that it would take control of The senior leadership of Arcadia, a leading commercial property management firm focused on the Southwest United States, will maintain a direct ownership interest in the business and continue to drive the business under Colliers’ unique partnership model. Arcadia will rebrand as Colliers shortly after closing. Details of the transaction were not disclosed.

Founded in Phoenix in 1986, Arcadia and its 150 professionals provide property management, real estate accounting services, and project management for more than 60 million square feet of office, retail, and industrial properties in 24 states. increase.

Colliers | Karen Witt, President, Property Management Services, Colliers, said: “We are thrilled to welcome this talented group of professionals to our organization and look forward to helping accelerate the success of them and their customers as part of Colliers.”

“Arcadia has enjoyed 36 years of tremendous success as an independent company. “Both leadership teams are committed to partnering with brands and operating platforms,” said Gary Shaw, regional managing director and partner of Colliers Real Estate Management Services in Arizona, Utah and Austin. Early in the process, we recognized that we share an entrepreneurial spirit and collaborative culture, enhancing customer service and allowing professionals to take advantage of this world-class organization. I look forward to helping you do so.”

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. Our 17,000 enterprising professionals operating in 63 countries work together to provide our clients with expert real estate and investment advice. For more than 27 years, our experienced leadership with significant internal ownership has delivered a 20% compounded annual investment return to shareholders.With annual revenues of $4.5 billion and assets under management of $87 billion, Colliers We maximize the potential of real estate and real assets to accelerate success for our clients, investors and employees. For more information, visit corporate.colliers.com, Twitter @Colliers, or LinkedIn.

Company Contact:

Christian Mayer
CFO
(416) 960-9500

Karen Witt
President Property Management Services | We
(703) 650-5709


CBJ Newsmaker

Colliers adds more scale to U.S. property management business, The Canadian Business Journal

Source link Colliers adds more scale to U.S. property management business, The Canadian Business Journal

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