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NEW YORK CITY-Insignia/ESG has formed an affiliation with Indianapolis-based Meridian Real Estate Services Inc. The alliance is part of Insignia’s nationwide initiative to establish partnerships in strategic markets without owning the operations.

“Meridian was a perfect fit for us because of its outstanding reputation and strong market position in Indianapolis and throughout Indiana, particularly for tenant representation, industrial real estate and multi-market corporate services,” says Dick Jones, Insignia’s executive vice president in charge of the affiliate program. “We have spent a great deal of time getting to know Meridian, and in working together on assignments.

Meridian has 24 employees, including 16 brokers, engaged in a broad range of real estate transactional and consulting services. Since it was founded in 1993, the firm has completed more than 2,500 sales and leasing transactions, with an aggregate value of more than $3 billion. In 2001, Meridian completed 209 transactions valued at more than $162 million.

As an Insignia affiliate, Meridian will operate as Insignia Meridian, and adopt Insignia’s policies and procedures, operating platform and corporate governance protocols. “Our collaboration with Insignia will greatly enhance our ability to meet the growing needs of our clients outside the Indianapolis area,” says Jeff Harris, Meridian’s president. “Increasingly, our clients are turning to us for assistance with their global requirements. Insignia’s internationally recognized full-service platform offers our clients best-of-class information, services and counsel on a worldwide basis. We will also benefit from Insignia’s extensive relationships with corporate space users, many of whom have operations in the Indianapolis area.”

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