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Welsh Cos. Sells Office to Carter & Associates

BLOOMINGTON, MN-The commercial real estate firm wants to focus on the Midwest. Welsh has offices in Bloomington, Minneapolis and St. Paul and Columbus, OH. It has development activities in Kansas City, Milwaukee and St. Louis.

By Jim McCartney | Updated on June 19, 2001

BLOOMINGTON, MN-Welsh Cos. has decided to exit the Orlando, FL market, selling its operations there to Atlanta-based Carter & Associates. The brokerage and property management office in central Florida did not fit with the firm’s focus on the Midwest, says Jean Kane, executive vice president for Welsh.

The office has about 40 employees, including sales and property management personnel. The company had bought the Orlando operations in 1997 as part of the deal when it bought Columbus, OH-based Pizzuti Inc. Although Welsh wanted the Columbus business, it did not want the Orlando office. But Pizzuti would not sell its Columbus operationsseparately, she says.

“We wanted to be in Columbus, so we took the Orlando office, too,” Kane adds.

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