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Harding Dahm drops Grubb & Ellis, strikes merger deal

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One of Indianapolis’ largest commercial real estate brokerages has merged with  Lee & Associates, giving the national player a presence in the state.

Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages,  will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.

Scot Courtney will continue to lead the brokerage’s two central Indiana offices, in Indianapolis and Greenwood. The firm has 23 brokers and an office support staff of 13.

In a prepared statement, Courtney said the connection with Lee could allow the local offices to grow.

The merger, announced Monday morning, effectively ends Harding Dahm’s nearly decade-long affiliation with California-based Grubb & Ellis Co.

Lee opened its 40th office last month in Atlanta. The Indianapolis-area offices are part of a Midwest expansion, the company said.

Lee & Associates, a group of independently owned and operated companies, also has offices in California, Arizona, Idaho, Illinois, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin.

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