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MINNEAPOLIS-Locally-base NorthMarq Corporate Solutions has added three commercial real estate lenders to its payroll. David Rau, Ron Tate, and David Pelner were brought on board to support the company’s growing business, including two acquisitions and new clients.

In 2008, NorthMarq acquired Atlanta-based Service Express, which Kevin Farrell, executive managing director tells GlobeSt.com will “bolsters our facilities management practice and our energy management capability.” Additionally, the company acquired a Philadelphia-based real estate advisory business. “Both of these businesses are unlocking new opportunities, so we’re able to add to our sales force,” Farrell says.

David Rau, a former director of business development at DLR Group, becomes a vice president of business development here in Minneapolis. Ror Tate, formerly with Aramark, has been brought on as vice president of business development in Dallas. David Pelner, who led national account projects for CB Richard Ellis, will now oversee NorthMarq’s project management business.

When so many companies across the country are laying off employees, Farell says it is not rare for the need for corporate services to pick up in a downturn. “Demand for corporate solutions services actually picks up in a down economy because our business is based on helping companies especially in tough economic times like we’re experiencing today,” Farrell tells GlobeSt.com.

“Corporate solutions provides companies with ways to reduce operating costs through our facilities management solutions, reduce real estate portfolios by managing leases and dispositions, and reposition a company’s workforce through our project management capabilities.”

Farell expects to be adding more employees during 2009 as NorthMarq’s business focus continues to sharpen during the tough economic situation.

“Corporations are facing daunting challenges today and we are ready rightnow to support their efforts in reducing real estate expenses and aligningtheir real estate portfolio with their business goals,” Farrell says. “Our entire team is poised to provide significant value to new and existing clients.”

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