Grubb & Ellis Co., one of the nation’s largest commercial real estate services and investment management companies, has expanded into Chattanooga and affiliated with Hudson Cos. Inc.
“We get national recognition,” said Chad Wamack, a co-managing partner with Lee Harper in Grubb & Ellis/Hudson. “If we get a listing locally, it gives it national exposure and a much larger audience.”
Mr. Harper said Grubb & Ellis is based in Chicago and marking its 50th year.
“It’s an international company,” he said.
Through the affiliation with Grubb & Ellis, Mr. Harper expects revenues to grow 10 percent to 15 percent in the first year.
Jimmy Hudson, who founded Hudson Cos. and is a partner in Grubb & Ellis/Hudson, said the alignment expands the company’s activity.
“It goes from a local to national presence. Their information and support staff will be tremendous for us,” he said, also citing Grubb & Ellis’ training program.
Hudson Cos. was started in 1981 to handle property management and real estate development.
After years of growth in development with numerous office, warehouse and commercial projects, the business began operating in the Chattanooga area as a full-service brokerage firm. The company offers property management, construction, leasing and sales.
Hudson Cos. will remain as a separate company with a concentration on development and construction as well as property management, Mr. Harper said. Mr. Hudson will continue to lead that business, Mr. Harper said.
Parker Wamack and Steve Bandy also will be partners in Grubb & Ellis/Hudson. Affiliates in the firm are David Williams, Mike Fullam and Jelena Butler.
Mr. Harper said the agreement with Grubb & Ellis was through that company’s Tennessee affiliate, Centennial Inc.
Pat Hurley, a Grubb & Ellis Affiliates senior vice president, said Chattanooga is a growing market.
“This affiliation will allow us to better serve our clients’ needs,” said the company official.
With the addition of Grubb & Ellis/Hudson, Grubb & Ellis now has agreements with 48 affiliates serving more than 70 markets.
Mike Pare, the deputy Business editor at the Chattanooga Times Free Press, has worked at the paper for 27 years. In addition to editing, Mike also writes Business stories and covers Volkswagen, economic development and manufacturing in Chattanooga and the surrounding area. In the past he also has covered higher education. Mike, a native of Fort Lauderdale, Fla., received a bachelor’s degree in communications from Florida Atlantic University. he worked at the Rome News-Tribune before ...