Clint Miller, one of the founders of Northstar, has been named executive managing director and Midwest regional manager of Cushman & Wakefield, and will oversee the firm's Chicago office. Miller will also work with Dave Lawton, executive managing director of the Alliance program, to run the company's offices in St. Louis, Milwaukee, Detroit, Indianapolis, Kansas City, Columbus, Cincinnati and Toledo, OH.
Tony Marano, C&W's CEO of the Americas, tells GlobeSt.com that Minneapolis is a growing market, and a perfect fit for the company. "We are expanding our client base in the Midwest, and Minneapolis just puts us in the right place and right time," he says. "We had already been dating Northstar for years, now it's time to get married." Minnesota has posted job growth for 20 of the past 25 months, office vacancy in the Twin Cities is at 15% and average asking rates have risen 4.4% since 2006, to $22.58.
Miller says the merger is a great opportunity. His company has 41 employees, expected to merge with the C&W office. "We're going to continue to grow," he tells GlobeSt.com. The two men would not divulge the cost of the merger.
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