LANSING, Mich.--(BUSINESS WIRE)--NAI Mid-Michigan and TMN Commercial announce the merger of two commercial real estate giants this week to provide operating advantages and a deeper and broader level of service to the Mid-Michigan commercial real estate community.
“Anyone who has worked with either of our firms will recognize that we are all very client focused. Any arrangement that is more convenient for our clients will work for us.”
The merger plans to bring the horsepower of NAI, (a nationally recognized franchise in commercial real estate), together with TMN Commercial, to yield a highly client focused organization with great prominence in the mid-Michigan market. The reputation of both NAI Mid-Michigan and TMN Commercial is guaranteed to produce great results for buyers, sellers and lease clients of commercial properties in the Mid-Michigan area.
By integrating into the NAI franchise, The NAI Mid-Michigan Group and TMN Commercial agree they now have the ability to showcase and unlock the value found in mid-Michigan commercial real estate to a worldwide business market.
The new firm, NAI Mid-Michigan/TMN Commercial brings two highly effective sales and high service firms together to create a single market leader in the mid-Michigan area. Clients will now be able to access a nationwide network of commercial real estate solutions to meet their business needs.
All parties are eager to get started together. “The team at NAI Mid-Michigan has always put their clients first,” says Jeff Shapiro, Vice President of Business Development at TMN Commercial. “Their high level of customer service combined with their effective work ethic is something that every firm in this business strives for. We recognize the value they bring to the table and that’s why the merger made sense to all of us.”
Nick and Jim Vlahakis Principals of NAI Mid-Michigan, are also excited to join forces in this merger of highly successful companies. “TMN Commercial has been a recognized leader in developing, building and managing premium commercial property. Their attentive personalized service and meticulous attention to detail is a hallmark of their reputation. With this merger we bring the best of both worlds together,” stated Nick.
2012 proved to be one of NAI’s and TMN’s best years ever. “Each of the firms has seen steady and consistent growth over the past 5 years, with 20% to 30% increases in business volume annually,” states Jim Vlahakis, Principal of NAI Mid-Michigan. “Commercial real estate activity is at the highest volume level we have seen in years, and we don’t see any evidence of a slow down.” Every indication is that 2013 will exceed 2012’s numbers for both businesses.
The combined company will have over 400 commercial properties listed for sale or lease following the merger, creating a combination of over $13,000,000 under contract or in pending transactions. The NAI Mid-Michigan/TMN Commercial merger will result in almost 2 million square feet of leasable commercial space.
The company will continue to operate out of their two existing offices, meaning they will be minutes from any location in the market. “With offices on the north side of Lansing and in Okemos we will be convenient for all of our existing and potential clients,” states Shapiro. “Anyone who has worked with either of our firms will recognize that we are all very client focused. Any arrangement that is more convenient for our clients will work for us.”