Indianapolis commercial real estate brokerage Meridian Real Estate is picking up the NAI Global affiliation previously held by Olympia Partners, which folded in January after a 20-year run.
Meridian is the city's 15th-largest commercial brokerage, according to IBJ research. The Indianapolis-based firm with eight employees specializes in office, industrial and land brokerage and consulting. It will now operate as NAI Meridian.
NAI, which is based in Princeton, N.J., operates a network with more than 5,000 brokers in 55 countries.
The change is a continuation of an ongoing shakeup among the city’s largest commercial real estate brokerages. A string of name changes and broker moves has proven confusing even to industry veterans.
Among the biggest name changes: Colliers Turley Martin Tucker became Cassidy Turley, dropping the locally bankable Tucker name. Resource Commercial Real Estate grabbed the international Colliers affiliation and changed its name to match.
Grubb & Ellis Harding Dahm & Co. dropped the Grubb affiliation in favor of Lee & Associates. And locally based Halakar Real Estate agreed to partner with a New York real estate network and change its name to Newmark Knight Frank Halakar.
The former president of NAI Olympia Partners and two of its brokers joined Alliance Commercial Real Estate—which a veteran of Grubb & Ellis Harding Dahm & Co. (now Lee & Associates) launched in 2010. Olympia shut down for good in January.