Acquisition of Stan Johnson Firm will set up Northmarq as full-service gross sales brokerage and capital markets platform
MINNEAPOLIS, MINNESOTA (August 31, 2022) – Northmarq, a number one industrial actual property capital markets platform, introduced right now it has entered right into a definitive settlement to buy Stan Johnson Firm, an actual property brokerage and advisory agency that focuses on funding gross sales throughout a number of asset lessons. The acquisition may even embrace affiliate debt companies firm, 4 Pillars Capital Markets.
“This is a crucial milestone for our rising platform, as our firm now has funding gross sales professionals throughout the nation that may service traders throughout all main asset lessons,” stated Jeffrey Weidell, chief govt officer – Northmarq. “Including this proficient group of actual property professionals additional establishes Northmarq as a full-service funding gross sales and capital markets platform.”
With the acquisition, Northmarq may have almost 1,000 professionals throughout its funding gross sales, debt/fairness financing, mortgage servicing, and fund administration operations.
Based in 1985, Stan Johnson Firm has expanded from its roots within the Midwest to a full-service funding gross sales firm, specializing in web lease funding gross sales and different areas together with multi-tenant retail, workplace, industrial, self-storage and healthcare gross sales, in addition to different specialty merchandise and repair strains. The agency has greater than 100 brokerage professionals throughout 16 places of work in 10 states—Oklahoma, Arizona, California, Colorado, Georgia, Illinois, New York, Ohio, Oregon, and Texas. Houlihan Lokey (NYSE: HLI) served the corporate as its unique monetary advisor.
In its 4 many years of service, Stan Johnson Firm has closed almost 7,500 transactions exceeding $45 billion in gross sales quantity.
“Our imaginative and prescient has been to construct a really particular, diversified actual property firm with a singular give attention to offering the very best degree of service to our valued purchasers. Our professionals will be capable to supply our purchasers larger funding alternatives, recommendation and product choices by leveraging the dimensions, scale and established experience of the Northmarq model,” stated Stan Johnson, founder and chief govt of Stan Johnson Firm. “As well as, we all know that beneath this management workforce, our agency’s tradition of service and collaboration will proceed.”
“The addition of the Stan Johnson Firm workforce will present Northmarq the chance to supply our purchasers enhanced companies associated to retail, industrial, workplace and company options,” stated Trevor Koskovich, president of funding gross sales – Northmarq. “We stay up for seeing the optimistic outcomes of this strategic mixture.”
For the reason that Pohlad Household bought the corporate in 1999, Northmarq has grown steadily by way of a collection of acquisitions. In early 2000, the corporate added 25 places of work and 200 staff and has continued to increase by way of frequent acquisitions of each regional groups and nationwide corporations.
The combination of Stan Johnson Firm’s brokerage companies into Northmarq is the fruits of the corporate’s profitable foray into funding gross sales, which started in 2018 with simply six places of work targeted on multifamily properties. Previous to the Stan Johnson Firm acquisition, Northmarq grew to 22 funding gross sales places of work in 13 states, with plans to proceed increasing this service into each market the place it gives debt, fairness, and mortgage servicing.
