A leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, Marcus & Millichap, Inc. has expanded into Canadian market with the acquisition of Canada based Primecorp Commercial Realty Inc. Primecorp is an Ottawa based commercial real estate service firm that was established in 1998 and provides brokerage services in all product types. Primecorp offices in Ottawa, Gatineau and markets throughout Ontario and Quebec increases Marcus & Millichap’s footprint to every major metropolitan area in Canada. The acquisition has already been closed in October 1, 2018.
According to Hessam Nadji, President and CEO of Marcus & Millichap:
“The acquisition of Primecorp, our second acquisition in Canada this year, further strengthens our platform while providing entry into a key market. Primecorp is a well-established company in its respective markets with a similar culture and business model to ours as well as a proven ability to execute transactions across all product types including a major focus in multifamily. The transaction enhances our ability to help investors move capital across markets and boosts Primecorp’s local growth opportunity by deploying Marcus & Millichap’s technology, brokerage tools, and training and management systems. We are pleased to have Primecorp join the MMI team and look forward to their contribution as we deepen our presence across all of the major Canadian markets.”
About Primecorp Commercial Realty Inc.
Headquartered in Canada, Primecorp Commercial Realty Inc. specializes in investment sales of multifamily and commercial properties across Ottawa, Toronto and Quebec. Established in 1998, Primecorp also provides leasing services for select office and retail clients maintaining offices in Ottawa, Toronto and Quebec.
About Marcus & Millichap, Inc.
Founded in 1971, Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. Employing 774 employees, Marcus & Millichap Inc. has over 1,800 investment sales and financing professionals in 78 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. Marcus & Millichap Inc. is headquartered in the United States.