CRE X Missouri

Merger between Solon Gershman and Coldwell Banker Commercial division creates second-largest real estate firm in St. Louis area

St. Louis-based Solon Gershman Inc. Commercial Real Estate in late November acquired Coldwell Banker Commercial's Management Division.

St. Louis-based Solon Gershman Inc. Commercial Real Estate in late November acquired Coldwell Banker Commercial's Management Division.

The merger between the two companies will create the second-largest commercial real estate firm in the St. Louis region. It will also increase Gershman's property management portfolio by 30 percent.

Coldwell Banker Commercial officials Gregory Nooney, Jr., principal managing member, and Bruce Brophy, principal, will join Solon Gershman. Nooney has been a leader in the commercial industry for more than 50 years, and has been involved in the development and leasing of more than 1.75 million square feet of office space for institutional investors in the St. Louis area. Brophy oversaw management operations at Coldwell Banker Commercial and has worked in the real estate industry for more than 30 years.