Colliers International Group has acquired the Coconut Grove-based Pointe Group Advisors, Colliers announced on Wednesday.
The acquisition brings Colliers’ portfolio to more than 7 million square feet of commercial space in South Florida, and more than 70 employees in two offices. Pointe Group founder Peter Gardner will continue to lead property management operations in South Florida for Colliers, according to a press release.
“While we have enjoyed tremendous success as an independent firm, we are increasingly competing in a global environment where clients require a comprehensive worldwide platform and industry-leading tools in order to serve them consistently over many geographic regions,” Gardner said in a statement. “By joining Colliers, we are part of a team that is culturally aligned to ours and is ideally positioned to continue exceling in the Florida market by leveraging the Colliers global brand, infrastructure and relationships.”
In August 2014, Pointe Group acquired its then-rival, Americas Property Management, which added 4.7 million square feet the firm’s portfolio. – Katherine Kallergis