Apex aligns with Grubb & Ellis - Deal gives
real estate brokerage broader reach
A Brookfield commercial real estate brokerage firm
announced Wednesday that it has affiliated with a
national network of real estate brokerages.
Apex Commercial Inc. has affiliated with Grubb &
Ellis Co., Apex principal Dan Jessup said.
Apex, which has nine brokers, can now gain referrals
through Grubb & Ellis when large, out-of-state
corporations need commercial real estate services
in southeastern Wisconsin.
"It literally takes us from a local company
to a local company with a global presence," said
Jessup, who started Apex in 2002. "It's a big
step for us."
Grubb & Ellis previously had a Milwaukee-area
affiliation with Boerke Co. That ended in June, when
Boerke dropped the Grubb & Ellis relationship
and affiliated with Cushman & Wakefield Inc.'s
commercial real estate services network.
Boerke switched networks because Cushman & Wakefield's
affiliation covers the entire state, not just southeastern
Wisconsin.
"The addition of Apex to our national affiliates
program reinforces our commitment to Milwaukee and
its surrounding areas, a market Grubb & Ellis
has had a presence in for nine years," Pat Hurley,
president of Grubb & Ellis Affiliates Inc., said
in a statement.
Other local commercial real estate brokers allied
with national networks include Colliers Barry, the
former James T. Barry Co. that's affiliated with Colliers
International; Siegel-Gallagher Inc., with Oncor International;
and NAI MLG Commercial, an affiliation of MLG Commercial
Inc. and NAI.
All those firms remain locally owned.
In July, Polacheck Co., the Milwaukee area's largest
commercial real estate brokerage, was sold to global
real estate services provider CB Richard Ellis Group
Inc. for $20 million. The acquisition came 10 years
after Polacheck formed an affiliation with CB Commercial
Partners Inc., the predecessor to CB Richard Ellis.
