MINNEAPOLIS-Griffin Cos. and SchafeRichardsonInc., both based here, have merged theirproperty management divisions into a new propertymanagement company called Griffin S.R . Bob Fransen,senior vice president of Griffin’s propertymanagement division, will head the new business as itspresident.

The merger is a great fit, according to company executives. Griffin needed to grow its portfolio or cut back itsproperty management staff, while SchafeRichardson hadtrouble finding enough staff to manage its properties,says Bob Dunbar, president of Griffin Cos.. “SchafeRichardson is growing so fast; this is a greatway to add competent and experienced staff to theportfolio,” says Kit Richardson, a principal inSchafeRichardson.

The new company manages more than 3 million sf ofcommercial property in the Twin Cities as well as morethan 1,000 apartment units and employs 67 managers,technicians, and administrative staff.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.