Mohr Acquires Two Atlanta CRE Firms

ATLANTA—It's hardly M&A madness, but the commercial real estate industry is seeing some mergers and acquisitions in recent months. Avison Young has been on a rip as it expands in the US, but the latest is example is Atlanta-based commercial real estate firms Metropolitan Realty Associates and iCore Corporate Real Estate, which have merged with Mohr Partners' Atlanta office.

iCore's Deane Stokes and Philip Seagraves are now managing partners. Together with Mohr's Martin Brannon, also a managing partner, the duo will serve as leadership team for the Atlanta office. Mohr has been a player in the Atlanta and Southeast markets for 10 years, but the merger marks a significant expansion of the firm's talent roster and services platform.

“We are assembling a very talented team of real estate professionals in our Atlanta office who bring diverse backgrounds and skill sets that will serve our clients well,” says Mohr president Ted Fredericks. “We expect great things from the expanded Mohr Atlanta office, and we will provide them with all the resources they need to deliver the best possible service to our clients.”

Stokes founded Metropolitan in 1992 as a brokerage focused solely on local, one-off tenant rep transactions in the office and industrial sectors. He subsequently formed iCore in 2006 to focus on multi-market portfolio business.

“Our corporate focus and goals were perfectly aligned with Mohr,” says Stokes. “The decision to merge was made in our clients' best interest and in an effort to provide them with an even greater depth of service.”

Stokes joined forces with Seagraves in 2009 when he signed on as a strategic advisor to iCore. The industry veteran has 20-plus years of marketing and strategic planning experience with small businesses and Fortune 500 companies. Seagraves is also an instructor at the Master of Management program with The Burgundy School of Business in Dijon, France.

“Mohr offers a distinctive model that is unique in the industry, with a commitment to core values and high quality customer service,” says Seagraves. “We look forward to introducing the Mohr model to our clients and prospects here in Atlanta and across the country.”

Mohr's expansion in Atlanta is part of an overall strategic plan to grow the firm's US footprint in 2014. Mohr has 20 offices throughout the country. Says Mohr: “Expanding our presence is an integral part of our firm's strategy to deliver premier transaction management services throughout the US.”