There’s a new commercial real estate brokerage in town, manned by a faction of industry veterans who broke away from Colliers International to strike out on their own.
Range Commercial Partners was launched last week by Joe Marchetti, Todd Willett, Matt Anderson, Jessica Butterworth, Craig Broughton, David Wilkins and Greg Nachman.
Marchetti, Wilkins and Willett had been managing directors at Colliers. Anderson was an executive vice president, Broughton was regional director of client accounting, Butterworth was senior director of operations and Nachman was director of operations.
Range plans to offer both leasing and sales brokerage, as well as property and asset management services, and its staff’s experience reflects that.
“(Range is) a full-service platform. I wouldn’t call us boutique – our intent is to grow, both our headcount and geography,” Willett said. “We’ve done business in 49 different states on both the property management and the brokerage side. We look forward to being able to do that again.”
Range’s plan is to cover, as Wilkins put it, “all the basic food groups” of commercial real estate: office, medical office, industrial and retail. One subset of the market Range doesn’t plan to get into is multifamily property management.
As of last week, Range was already finalizing management contracts for properties.
Marchetti is Range’s director of strategic vision of growth, and Willett and Wilkins are executive managing directors.
Willett, Wilkins and company are the latest in a string of brokers to leave Colliers International this year. Victoria Pickett, Charles Wentworth and Garrison Gore left in the winter to join national firm Newmark as it was launching in Richmond, and over the summer they were joined by Will Bradley and Mark Williford, who left Colliers to head up Newmark’s local capital markets division.
While their former colleagues left to join another national flag, Range is independently owned and funded. One of the perks of being independent, Wilkins said, is the ability to be more agile and make quicker decisions for both clients and employees.
Many of Range’s team have been working together for decades, and some left colleagues at Colliers with whom they’d worked for over 20 years. Wilkins said while launching Range marks a new adventure, it doesn’t come without a downside.
“I’d say it was somewhat traumatic to leave people we’ve worked with for over 20 years,” he said. “But we are excited to build something new.”
According to its website, Colliers’ local staff now totals 94.