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BOSTON-Boston-based Nordblom Co. will eliminate its commercial brokerage division to concentrate on its investment business, a company official tells GlobeSt.com. The change will happen by the end of this year.

Greg Anderson, vice president of marketing and business development for Nordblom, says the firm plans to move three of its 10 commercial brokerage team members to its investment and investment services division. The seven remaining team members will be “transitioning out” by the end of the year. The 10 employees will continue to work on their existing commercial deals, Anderson says.

‘The future is exciting. It’s one of growth and opportunity for the company,” says Anderson, adding that Nordblom’s management team will remain in tact to serve a company that “is exceptionally strong and very driven.”

The firm, an affiliate of CORFAC International, does not plan to shutter any of its offices and will continue to offer management and development services at its Boston, Brookline and Burlington locations, he notes. Nordblom, which has been in business since 1924, will also continue its long-standing affiliation with Nordic Properties and Apartment Realty Advisors.

Nordblom’s decision to eliminate its commercial brokerage division came after a company evaluation of real estate trends showed that the firm’s investment business offered an opportunity to further capitalize on the investment market, company executives said in a statement.

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