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Eight Brokers, Four Managers Take 24% Stake in Frederick Ross Co.

DENVER-The Frederick Ross Co. taken on 12 new partners, who have acquired 24% interest in the city's oldest and one of its largest commercial real estate firms. Local owners and fresh ideas prompt the decision to sell to the investors.

By John Rebchook | Updated on February 26, 2001

DENVER-The Frederick Ross Co., Denver’s oldest and one of its largest commercial real estate firms, has sold a 24% interest in the privately held company to eight brokers and four managers.

“We begin the first page of the new chapter in our history, as we continue to seek ways of providing the highest level of service to our clients,” says Jack Box, president and CEO of the company founded in 1888. Last year, Ross had boasted $687 million in transactions.

In addition to its 42 brokers, the company manages about five million sf and maintains a large research department. Ross’ development arm, owned by Box and Rich McClintock, last year had developed 1.5 million sf and leased 500,000 sf, making it the largest development company in Denver, McClintock says. Westfield Development will remain 100% owned by Box and McClintock.

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