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NorthMarq Folds in Minneapolis Cushman Office in JV

BLOOMINGTON, MN-The two companies have formed a joint venture, with a NorthMarq dominated board, to provide brokerage services. NorthMarq Capital is not involved in the JV.

By Robert Carr | Updated on September 21, 2011

BLOOMINGTON, MN-NorthMarq has agreed to absorb the local Cushman & Wakefield office, in return for Cushman joining the ownership of NorthMarq’s Real Estate Services division. The new firm, Cushman & Wakefield/NorthMarq Real Estate Services, will be based out of the current NorthMarq offices here.

Jeff Eaton, president of NorthMarq Real Estate Services, tells GlobeSt.com that he will remain in his position. Clinton Miller, the founder of the former Northstar Partners office that joined Cushman, will become an executive in the new joint venture firm. “We are making offers to all of their (Cushman) employees today,” Eaton says. “We expect to hire all 61 employees.”

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