ORLANDO-CNL Commercial Real Estate is expanding its platform in the Carolinas. CNL is adding 16 associates from the former retail services division of Crosland, a Charlotte-based real estate firm.
“We have a decidedly organic approach to expanding our platform,” Paul Ellis, president of CNL Commercial Real Estate, tells GlobeSt.com. “For the last 18 months we’ve been in dialogue with a lot of people in a lot of markets. Crosland is great fit from a talent standpoint and a very strong values match.”
Dubbed CNL Crosland Commercial Real Estate, the new entity will focus on leasing and management of retail, commercial and multi-use projects as well as brokerage and investment services. The deal adds 3 million square feet of assets under management to CNL Commercial Real Estate’s portfolio and strengthens the firm’s presence in the Carolinas, Virginia and Tennessee.
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