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More On the Primecorp Acquisition by Marcus and Millichap for Vancouver, BC
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(Posted on Nov 5, 2018 at 02:37AM by Danielle Smyth)
Great things are happening for Marcus & Millichap in Canada. This California, United States, brokerage firm recently acquired Primecorp Commercial Realty, which will be hugely beneficial to both companies. The CEO of Primecorp, Aik Aliferis, informed news outlets of the deal on October 3, 2018.According to the Ottawa Business Journal, Primecorp was founded in 1998. It is fairly widespread, thanks to offices in Ottawa, Toronto, Montreal, and Gatineau. The organization employs 12 brokers in the area, which makes it the city’s sixth-largest commercial brokerage. Even more impressively, they have closed more than $7 billion worth of deals with clients both large and small. From local businesses to giants of the industry like McDonald’s and Starbucks, Primecorp has done it all.
In the deal, most of the senior staff and advisors of Primecorp will be retained, though there will be some restructuring. For instance, the Toronto and Montreal office staff members will go to work in the United States at the corporate office of Marcus & Millichap.
Have you been hoping to get more information about opportunities for investment? Perhaps you’re considering a move into Canada or want to learn more about the recent merger. Get in touch with Marcus & Millichap's Vancouver office, and one of our experienced commercial real estate advisors will be happy to provide additional information.
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