SAN JOSE—Global commercial real estate services firm, Colliers International Group Inc., signed an agreement and plan of merger with Colliers Parrish International Inc., the largest independently owned US affiliate of Colliers. The transaction was approved by shareholders yesterday. Terms of the transaction were not disclosed.

“Integrating Colliers Parrish with our existing operations in Northern California significantly increases our scale and coverage, allowing us to seamlessly and effectively serve our clients in this important region,” said Martin Pupil, Colliers International president, US brokerage. “As well, adding another market leader in Nevada extends our best in class capabilities into this important adjacent market.”

From offices in San Jose, Oakland, Stockton, Pleasanton, Redwood City, Fairfield, Mountain View, Gilroy and Walnut Creek, CA, as well as Las Vegas and Reno, there are 400 Colliers Parrish professionals. Services include investment sales, lease brokerage, capital markets, valuation, advisory and property management for local, regional, national and international clients.

“We have been part of the Colliers organization for more than two decades and share a commitment to service excellence,” said Andre Walewski, CEO of Colliers Parrish International. “Our goal has always been to provide the most innovative and enterprising commercial real estate advisory services to our clients. By integrating our operations in Northern California and Nevada, and leveraging the size, capital and established infrastructure of the Colliers global platform, we will accelerate the success of our clients and create more opportunities for our people. We are all very excited about this development and our future as an integral part of Colliers International Group.”

Founded in 1974 and after nearly 20 years of doing business as J.R. Parrish Inc., the organization joined forces with Colliers, becoming an independent owner and taking the name Colliers Parrish International. In 1998, Colliers Parrish International merged with Las Vegas based Stuart-Mixer Commercial. Although the company retained its independent status, it was then known as Colliers International, GlobeSt.com learns.

“This acquisition is consistent with our strategy to acquire market leaders throughout the US and follows five other acquisitions completed over the past year,” said Dylan Taylor, president and COO Colliers International. “These acquisitions further integrate and strengthen our service platform, reinforcing our business operations in the West and nationally.”

Instant Insights /

Colliers Board Approves Merger with Long-Time Colliers Affiliate

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