According to a press release sent by both companies, Inland Companies’ brokerage and property management divisions have been added to Colliers’ global operations. The two divisions began operating under the Colliers’ name and brand on May 4.
“As we continue to expand our footprint in the Midwest, we see Inland Companies as the right partner to give us the edge and expertise in the Wisconsin market,” said Tom Murray, regional managing director for Colliers’ central region, in a written statement. “With Inland, we look forward to future growth and expansion throughout Milwaukee, the state of Wisconsin and the entire region.”
Inland Companies boasts a staff of 50 commercial real estate brokerage and property management professionals.
“We are excited to blend our talented team at Inland with Colliers International,” said Scott Welsh, president and chief executive officer for Wisconsin for Inland, in a written statement.
Inland has long been a busy brokerage in the Milwaukee area. In 2011, the real estate brokers for the company closed about 300 transactions totaling more than $160 million in the Milwaukee region. The company’s property management division is active, too, serving more than 2,700 tenants each day. This division oversees a portfolio of about 6 million square feet of office, retail, industrial, mixed-use, residential, reciverships and special-use facilities throughout Wisconsin.
Notable clients of Inland Companies include such big names as ORIX Capital Markets, Zeller Realty, First Industrial, Clarion Partners, Commonwealth REIT and Anchor Bank.
Welsh will continue as Inland Company’s president and chief executive officer, while Mike Fardy will remain as chief operating officer and partner. All brokers and staff members will also remain with Inland Companies. The company’s Inland Construction and PROTECH divisions will continue operating under the Inland Companies umbrella.