CBRE Makes a Move in Memphis
- Jan 06, 2016
CBRE marks the 20-year anniversary of its relationship with affiliate CBRE | Memphis with the acquisition of the local commercial real estate services firm. Shedding its status as a member of the network, CBRE | Memphis has assimilated into the CBRE family, becoming one with the global firm and marking a key move in CBRE’s expansion program in the Southeast.
Established roughly 30 years ago, CBRE | Memphis is considered the top services provider in the Memphis area, as well as a leading player in Mississippi and Arkansas. The firm offers clients a comprehensive list of real estate service solutions, and boasts a leasing and management portfolio totaling 14 million square feet in the office, retail and industrial sectors.
There’s good reason to be in Memphis—the city is home to a bevy of leading corporate international headquarters and it has the busiest cargo airport in the world—and there’s plenty happening across the Southeast as well; so much so that CBRE has acquired a total of four firms in the region in the last two years.
“Commercial real estate fundamentals remain strong across the Southeast and within all property types, a testament to the region’s expanding economic base and overall desirability. Both owners and occupiers of real estate will find the Southeast to be a rapidly growing, yet affordable region with unsurpassed amenities and quality of life characteristics.,” CBRE notes in its newly released inaugural report on the Southeast U.S. real estate market. “Commercial real estate is benefiting from a lengthy and steady economic recovery, now entering its seventh year. Regional economic indicators suggest the Southeast is poised to further benefit from consistent population and private sector job growth, industry relocation and broad-based expansion within residential markets.”
CBRE has trained its eye on the Southeast, and the firm is unlikely to look away any time soon.