X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MINNEAPOLIS-New York City-based Cushman & Wakefield has purchased its Alliance member Northstar Partners, founded in the downtown here in 2002. The company will join C&W’s existing, 100-person facility and property management group, which includes clients such as BPG Properties, First Industrial Realty Trust, Opus Northwest, Ryan Cos. and MetLife.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.