In a major deal in the Midwest commercial real estate industry, Minneapolis-based Northmarq will purchase Stan Johnson Company, a real estate brokerage and advisory firm that focuses on investment sales across multiple asset classes.
Northmarq’s acquisition will also include affiliate debt services company Four Pillars Capital Markets.
“This is an important milestone for our growing platform, as our company now has investment sales professionals across the country that can service investors across all major asset classes,” said Jeffrey Weidell, chief executive officer of Northmarq in a statement.
“Adding this talented group of real estate professionals further establishes Northmarq as a full-service investment sales and capital markets platform,” Weidell said.
With the acquisition, Northmarq will have nearly 1,000 commercial real estate professionals working across its investment sales, debt/equity financing, loan servicing and fund management operations.
Founded in 1985, Stan Johnson Company has expanded from a Midwest-based CRE company to a full-service investment sales company. It specializes in net lease investment sales and other areas including multi-tenant retail, office, industrial, self-storage and healthcare sales.
Stan Johnson Company has more than 100 brokerage professionals across 16 offices in the 10 states of Oklahoma, Arizona, California, Colorado, Georgia, Illinois, New York, Ohio, Oregon and Texas.
During its 40 years, Stan Johnson Company has closed nearly 7,500 transactions exceeding $45 billion in sales volume.
“Our vision has been to build a very special, diversified real estate company with a singular focus on providing the highest level of service to our valued clients,” said Stan Johnson, founder and chief executive officer of Stan Johnson Company, in a statement. “Our professionals will be able to offer our clients greater investment opportunities, advice and product offerings by leveraging the size, scale and established expertise of the Northmarq brand.”
Since the Pohlad Family purchased the company in 1999, Northmarq has grown steadily through a series of acquisitions. In early 2000, the company added 25 offices and 200 employees and has continued to expand through frequent acquisitions of both regional teams and national companies.
The integration of Stan Johnson Company’s brokerage services into Northmarq is the culmination of the company’s move into investment sales, which began in 2018 with just six offices focused on multifamily properties. Prior to the Stan Johnson Company acquisition, Northmarq grew to 22 investment sales offices in 13 states.