Ponder Properties joins forces with NAI Chase Commercial Real Estate

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August 03, 2020
Birmingham, AL, August 3, 2020 /PRNewswire/ -- Ponder Properties Commercial Real Estate and NAI Chase Commercial Realty, two of Alabama’s leading commercial real estate firms, today announced a merger, creating one of the largest full-service commercial real estate brokerage companies in Alabama. 

Together, the firms have more than 58 years of market expertise and a combined leasing, sales, and property management inventory in excess of 4 million square feet plus over 240 acres for sale/ground lease commercial development land. The diversified inventory includes a variety of office, retail, industrial and investment properties spread throughout Alabama.

"The combination of our professional brokerage teams and exceptional property management, construction and receivership services will create a synergy incomparable to other local commercial real estate firms," said Terry Ponder, President of Ponder Properties. "We have tremendous respect for the NAI Chase team and their impact on the Alabama commercial real estate market, particularly the impressive growth and market share they have secured in Huntsville and throughout the North Alabama region”.

"Both firms have a long legacy and tradition in the Birmingham market," said Charlie Grelier, Jr., President of NAI Chase Commercial Realty.  "The merger brings together world-class expertise and a shared vision of strong relationships and commitment to our clients and customers."

Since 1992, NAI Chase Commercial has been part of the NAI Global. NAI Global is a leading global commercial real estate brokerage firm. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

The Ponder-Chase merger will integrate the NAI platform into daily brokerage operations for both firms. The integrated teams will include five employees from Ponder Properties and twenty-five from NAI Chase Commercial. Randy Thomas will be named Executive Vice President and run the day-to-day operations in Birmingham’s Central Alabama region.

“I am excited to see these two professional teams, combining their strong brokerage and management capabilities, brought together in this merger.  Our goal is to continue being a significant contributor to Alabama’s economic growth, as a key member in the future of Alabama’s commercial real estate” added Thomas.

We are all very excited about the opportunities that lie ahead for our staff, along with connecting a highly talented Ponder team into the NAI Chase Commercial platform to benefit our collective clients.
 

Charlie Grelier, Jr
 
Randy Thomas
 
Terry Ponder
 
Keith Ponder
 
Glenn Ponder

 


SOURCE NAI Chase Commercial Real Estate; Ponder Properties Commercial Real Estate

 
Contact:
Janine Miller, Administrative Coordinator
millerj@chasecommercial.com, (256) 539-2686