Last updated on May 13th, 2019 at 02:40 pm
Apex Commercial Inc., a Brookfield-based commercial real estate brokerage, announced today that it has become an affiliate of Chicago-based Grubb & Ellis Co., a commercial real estate advisory firm.
Effective today, the company is doing business as Grubb & Ellis|Apex Commercial.
"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,” said Pat Hurley, president of Grubb & Ellis Affiliates Inc. "Apex”s emphasis on superior service, professionalism and integrity are consistent with Grubb & Ellis’ goal of building long-term client relationships."
The partnership with Apex Commercial enables Grubb & Ellis to re-enter the southeastern Wisconsin market. Earlier this year, Milwaukee-based The Boerke Company Inc. dropped its affiliation with Grubb & Ellis and joined the New York-based Cushman & Wakefield Alliance. Boerke was affiliated with Grubb & Ellis for nine years.
Shortly after the Boerke affiliation change was announced in June, Small Business Times reported that Grubb & Ellis executives were trying to find another affiliate in the Milwaukee area.
Apex Commercial was formed in 2002 and has nine brokers. Apex will benefit from the affiliation with Grubb & Ellis by gaining referrals from out-of-state businesses that need real estate services in the Milwaukee area. Grubb & Ellis has 44 affiliates serving more than 60 markets.
"Overnight, we have transformed from a local firm with a statewide reach to a local firm with a global reach," said Dan Jessup, president and founder of Apex Commerical. "Our firm has had tremendous success since its inception, and joining forces with Grubb & Ellis will allow us to build upon our accomplishments.”
Grubb & Ellis provides transaction, management and consulting services to property owners, tenants and real estate investors throughout the world. The company’s services include advisory and brokerage, as well as property management and construction consultation. Its Grubb & Ellis Management Services division has more than 150 million square feet of third-party space under management. The company had $490 million in sales during the last year.
Since its founding, Apex Commercial has completed transactions totaling about $166 million.
In addition to Apex Commercial and The Boerke Company, other Milwaukee area commercial real estate brokerages also have made changes to enhance their national and international affiliations during the last year. El Segundo, Calif.-based CB Richard Ellis Group Inc. bought Milwaukee-based The Polacheck Co. Inc. Polacheck was CB Richard Ellis’ Wisconsin affiliate for about 10 years prior to the sale.
Last year, the James T. Barry Co. Inc. changed its name to Colliers Barry. The company has been part of Boston-based Colliers International Property Consultants since 1986.