Ponder Properties Commercial Real Estate and NAI Chase Commercial Realty, two of Alabama’s leading commercial real estate firms, today announced a merger, creating one of the largest full-service commercial real estate brokerage companies in Alabama.
Together, the firms have more than 58 years of market expertise and a combined leasing, sales, and property management inventory in excess of 4 million square feet plus over 240 acres for sale/ground lease commercial development land. The diversified inventory includes a variety of office, retail, industrial and investment properties spread throughout Alabama.
“The combination of our professional brokerage teams and exceptional property management, construction and receivership services will create a synergy incomparable to other local commercial real estate firms,” said Terry Ponder, President of Ponder Properties. “We have tremendous respect for the NAI Chase team and their impact on the Alabama commercial real estate market, particularly the impressive growth and market share they have secured in Huntsville and throughout the North Alabama region”.
“Both firms have a long legacy and tradition in the Birmingham market,” said Charlie Grelier, Jr., President of NAI Chase Commercial Realty. “The merger brings together world-class expertise and a shared vision of strong relationships and commitment to our clients and customers.”
Since 1992, NAI Chase Commercial has been part of the NAI Global. NAI Global is a leading global commercial real estate brokerage firm. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
The Ponder- Chase merger will integrate the NAI platform into daily brokerage operations for both firms. The integrated teams will include five employees from Ponder Properties and twenty-five from NAI Chase Commercial. Randy Thomas will be named Executive Vice President and run the day-to-day operations in Birmingham’s Central Alabama region.
“I am excited to see these two professional teams, combining their strong brokerage and management capabilities, brought together in this merger. Our goal is to continue being a significant contributor to Alabama’s economic growth, as a key member in the future of Alabama’s commercial real estate” added Thomas.
We are all very excited about the opportunities that lie ahead for our staff, along with connecting a highly talented Ponder team into the NAI Chase Commercial platform to benefit our collective clients.
SOURCE NAI Chase Commercial Real Estate; Ponder Properties Commercial Real Estate
ABOUT NAI CHASE COMMERCIAL
NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial.com
ABOUT NAI GLOBAL
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges. To learn more, visit www.naiglobal.com.