NorthMarq To Acquire Opus Property Services

arq Real Estate's bid to acquire Opus Property Services LLC was [u][link=http://www.northmarq.com/News-And-Research/News-Releases/2009/NR20090811.aspx]selected[/link][/u] from a field of eight national real estate companies, and the two companies plan to transition the business to NorthMarq by the end of this month. NorthMarq, with businesses in property management, brokerage, mortgage banking, corporate solutions and investment sales, currently manages 30 million square feet of commercial real estate and will double its portfolio with the 30 million square feet in the Opus Property Services-managed portfolio. ‘NorthMarq was selected not only for the cultural fit we felt they would offer our clients and employees, but also for their strong systems, leadership and business plan that will support the portfolio we've built over the last 10 years,’ says Mike Dwyer, executive vice president with Opus Property Services. ‘Because they are hiring our existing staff, we anticipate that this acquisition will be a smooth transition for both our employees and our clients.’ Opus Property Services' portfolio covers 20 markets across the country and includes retail, office and industrial properties. Opus Property Services' 140 employees will transition to NorthMarq. SOURCE: [link=http://www.northmarq.com]NorthMarq

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