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Utah-based real estate giant Commerce acquired by Minneapolis firm
First Published Jan 03 2014 03:04 pm • Last Updated Jan 03 2014 03:04 pm

Cushman & Wakefield/NorthMarq announced Friday that the Minneapolis-based real estate firm had acquired Salt Lake City-based Commerce Real Estate Solutions.

CWN and Commerce employ 750 and have combined annual revenues of more than $100 million, according to a news release.

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Both CWN, which offers a broad range of real estate services, and Commerce, which provides real estate brokerage and advisory services, are Cushman & Wakefield Alliance firms. The release says Commerce is the largest independently owned and operated real estate firm in the Intermountain West.

"We are already well-aligned operationally," said Jeff Eaten, CWN president, in the news release.

Terms of the deal were not disclosed.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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