Cresa Acquires Charlotte Firm

By Keith Loria, Contributing Editor

Charlotte, N.C.—Cresa has acquired Mohr Partners in Charlotte, N.C., and designated it as its new office in the city under the leadership of managing principals Jack Glasgow and Scott Dumler.

Scott Dumler

“Cresa’s core principle to ‘do the right thing’ is a value with which we strongly connected from the outset,” Glasgow told Commercial Property Executive. “Combining that principle with a company that has top-caliber, brokers, leadership and nationwide support staff who approach the business with a strategic and collaborative mindset made this a very attractive opportunity for us.”

Located at 2115 Rexford Road in Charlotte’s SouthPark submarket, Cresa Carolinas will serve corporate office and industrial tenants and space occupiers in all industry sectors in both North and South Carolina.

“We have always believed there is a strong need for a conflict-free, tenant-only approach to the business in the Carolinas and it that it yields the highest possible level of service to clients,” Dumler told CPE. “Cresa delivers that model better than anyone, but with their recent capitalization, we are positioned to further strengthen the service platform and resources to serve clients at an even higher level.”

The agreement was made because Mohr’s leaders felt its core values and principles align well with Cresa.

“Cresa is committed not only to serving clients at a high level, but also to serving our families, co-workers, local communities and the commercial real estate industry,” Glasgow said. “In preliminary discussions, we immediately felt there was a common culture with our office and what we saw with senior leadership and other offices.”

There are no plans for short-term leadership changes, but as the office grows, leadership hopes to empower and develop new team members to eventually take on more leadership roles.

“We have a story to tell our clients that all of the larger full-service firms can’t, and that is that we represent our client’s best interests only,” Dumler said. “It doesn’t matter how big or how wide you can reach; if your firm represents both sides of the table in any transaction, there is a conflict.”