–by Sylvania AdVantage Staff
PUBLICATION DATE: 02.21.17
Two of the leading commercial real estate firms in northwest Ohio, Danberry Commercial and Miller Diversified Realty Corp., a have signed a definitive agreement to merge their commercial real estate brokerage and property management operations. The new combined business will be named Miller-Danberry Commercial Realty LLC, and the merger will be completed by the end of the first quarter.
Danberry Commercial is the commercial brokerage arm of The Danberry Co., which was formed in 1962 and ranks among the top 100 independent real estate brokerages in the nation. Miller Diversified Realty Corp. is a business unit of Miller Diversified, Inc., established in 1920, and is one of the foremost commercial real estate development, construction and brokerage companies in the region. The merger will serve to combine the strengths and resources of these two companies into a recognized leader of commercial real estate services in Northwest Ohio.
“This business combination underscores the commitment of our two companies to build the premier commercial real estate brokerage and property management company in northwest Ohio,” said Kurt Miller, president of Miller Diversified, Inc. “Our two companies share the same core values and are committed to the same high level of client attention and service. We have worked extremely well together over the years, and a combination of our businesses just made sense.”
Lynn Fruth, CEO of The Danberry Co., stated, “Combining our commercial brokerage and property management businesses creates a single firm with capabilities that are unmatched in the region. Not only will we have the strongest brokerage company in the market, but also we will have construction and development resources available to serve our customers’ needs. We are extremely excited about the expanded full-service platform we are creating.”
Tim Schlachter will serve as president of the new company, and the firm will initially operate under the brokerage license of Jerry Miller.
“This new platform will greatly enhance our capabilities, to the mutual benefit of our clients, agents and support staff,” Schlachter said. “In our role as trusted advisor, having the depth of experience, resources and knowledge we collectively possess, serves to help us provide insight and action steps to achieving the goals of our clients.”
He added, “We have very strong and beneficial relationships in the development and construction communities and we will be able to leverage our existing relationships in these industries. This new relationship with the Millers will serve to further enhance those resources.
Miller Diversified, with its headquarters in Maumee, is an integrated real estate company providing commercial, industrial and residential development, construction and brokerage services.
The Danberry Co. is one of the oldest real estate brokerage firms in the region. It has been locally owned and operated in the Toledo area since 1962. Today, Danberry serves the region with over 200 licensed real estate agents and seven offices. While Danberry is best known as a residential real estate brokerage, it is a full service company including commercial sales and leasing, property management, nationwide relocation and auction services.