Ryan Kratz

NORFOLK, VA–Colliers International Group Inc. recently announced its majority interest acquisition of a former affiliate of CBRE Group, which will now be rebranded as Colliers International, Virginia or Colliers Virginia. The current shareholders of Colliers Virginia will continue to retain equity in the business. Terms of the transaction are undisclosed and expected to close by the first quarter of 2019.

“This privately owned firm, with significant history in the markets and more than 340 brokers and employees, is truly the best in class in the sectors in which they operate,” says Ryan Kratz, President, Southeast Region, U.S. Brokerage, Colliers International. “The depth of leadership, breadth of service coverage, and commitment to the local community were all key factors in this business combination.”

Founded in 1983, Colliers Virginia's 340 professionals oversee a 56-million-square-foot asset services portfolio and completed more than $1.7 billion in sale and lease transactions during 2017 for owner and occupier clients.