Colliers moves under new ownership

August 12, 2008

Colliers Turley Martin Tucker, the largest commercial real estate firm operating in Indiana, is merging with three other companies to become one of the nation's largest real estate services.

Colliers, which is headquartered in St. Louis, is forming a holding company with Colliers Pinkard of Baltimore and Cassidy & Pinkard Colliers of Washington, D.C. The holding company then will absorb New York City-based Colliers ABR.

It was not immediately clear what the holding company would be called or where it would be headquartered.

Melissa Todd, a local spokeswoman for Colliers Turley Martin Tucker, said the merger would allow the companies to spread their services across more cities in order to serve clients that operate in more than one location.

In Indianapolis, "Daily operating will remain the same," Todd said.

Indianapolis-based F.C. Tucker Co. Inc. merged with Colliers Turley Martin in 1998. The residential division of F.C. Tucker remains locally headquartered.

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