Northmarq has entered right into a definitive settlement to buy Stan Johnson Co., an actual property brokerage and advisory agency that focuses on funding gross sales throughout a number of asset lessons. The acquisition may also embody affiliate debt providers firm, 4 Pillars Capital Markets.
The acquisition will set up Northmarq as a full-service funding gross sales and capital markets platform, says Northmarq CEO Jeffrey Weidell.
“This is a crucial milestone for our rising platform, as our firm now has funding gross sales professionals throughout the nation that may service buyers throughout all main asset lessons,” he says in ready remarks.
With the acquisition, Northmarq can have almost 1,000 professionals throughout its funding gross sales, debt/fairness financing, mortgage servicing, and fund administration operations.
Based in 1985, Stan Johnson Co. has expanded from its roots within the Midwest to a full-service funding gross sales firm, specializing in internet lease funding gross sales and different areas together with multi-tenant retail, workplace, industrial, self-storage and healthcare gross sales, in addition to different specialty merchandise and repair traces. The agency has greater than 100 brokerage professionals throughout 16 places of work in 10 states—Oklahoma, Arizona, California, Colorado, Georgia, Illinois, New York, Ohio, Oregon, and Texas.
Stan Johnson Co. has closed almost 7,500 transactions exceeding $45 billion in gross sales quantity.
“Our professionals will be capable of provide our purchasers larger funding alternatives, recommendation and product choices by leveraging the scale, scale and established experience of the Northmarq model,” stated Stan Johnson, founder and chief govt of the corporate.
For the reason that Pohlad Household bought the corporate in 1999, Northmarq has grown by means of a sequence of acquisitions of each regional groups and nationwide corporations.
In 2018 it started to broaden into funding gross sales, including 22 funding gross sales places of work in 13 states.
