Table of Contents
Global commercial real estate services firm Colliers International Group Inc. announced Jan. 4 that it had closed its previously announced acquisition of a majority interest in the operations of the former affiliate of CBRE Group Inc, in Central and Southeast Virginia, including Richmond. CBRE's four offices – in Richmond, Norfolk, Charlottesville and Fredericksburg – will be rebranded as Colliers International immediately. Terms of the transaction were not disclosed.
Founded in 1983, Colliers Virginia’s 340 professionals oversee a 58-million-square-foot asset services portfolio and completed more than $1.8 billion in sale and lease transactions during 2018 for owner and occupier clients.
“We are thrilled to join a company like Colliers whose core principles and values align perfectly with our enterprising culture and focus on service excellence,” said Scott Adams, president of Colliers Virginia. “We look forward to the opportunity to fully leverage our collective scale, resources and international infrastructure to continue our growth, and accelerate the success of our clients and professionals.”
