Colliers International announced the acquisition of Colliers International Atlanta.
The current shareholders of Colliers Atlanta will continue to retain equity in the business under Colliers’ unique partnership model. Terms of the transaction were not disclosed.
Founded in 1967, Colliers International Atlanta employs more than 250 professionals providing investment sales, lease brokerage, capital markets, property management and project management services to local, regional, national and international clients.
“The leadership of the Atlanta business has been actively involved in the growth of Colliers in the U.S., and the full integration of their business into our global enterprise will further strengthen our platform nationally and help leverage their managerial talents in other regions,” said Joseph Harbert, Colliers International President | Eastern Region.
“This move by our Atlanta team is simply a natural progression of our business given our shared culture and relentless focus on service excellence,” said Bob Mathews, President & CEO of Colliers International Atlanta.
“This transaction gives Colliers International Atlanta access to the level of growth capital it requires to serve the expanding needs of our clients.
“We will be unique in Atlanta as the only global public commercial real estate firm that offers local ownership,” he concluded.