Intelica Commercial Real Estate announced today the acquisition of Denver-based James Real Estate Services (JRES) as part of their Q3 expansion plan, coupling growth and portfolio diversification. The acquisition has been in the works since the beginning of this year and became final on July 30.
“We are thrilled to enter the Denver market with such a powerful profile,” said Dan Dokovic, founder and CEO of Intelica CRE. “This company represents a long-standing, connected and respected piece of the puzzle that helps us in providing more value to our clients nationwide. Our combined mission is aligned in the strategic integration of services offered, which work together to bring more value to the communities we serve.”
JRES currently focuses on advising clients in the insurance, transportation, housing, government and corporate markets. The company will continue to provide appraisal, market analysis and investment consulting past the acquisition and will retain all of the employees while adding brokerage and property management to its local offering.
“We sought after JRES and Denver as a goal company and market for the long-standing, coveted and respected work in the community, as well as the independent nature of the company which mirrors our own in many ways,” said Dokovic.
This expansion into Denver falls in line with the greater strategic goals for 2021, expanding the solutions and services offered through the Intelica portfolio, bringing a more sustainable model to the middle-market, bridging a gap often left underserved and overlooked.
The acquisition allows the current owners to retire, providing a smooth transition and solid foundation for future growth.
“The JRES staff looks forward to working with Intelica to establish a formidable presence in the real estate community of Colorado,” said Bill James, owner and founder of James Real Estate Services.
You can find more details about this new service here.
You can read more about the acquisition in the St. Louis Business Journal.