Global Food Properties has merged with Cresa, a leading commercial real estate advisory firm.

Global Food Properties, a company specializing in food facility real estate, has merged with Cresa, a prominent commercial real estate advisory firm. This merger aims to enhance their combined offerings in the commercial real estate sector, particularly for clients in the food industry.

In Chicago, Jeffrey J. Counsell has orchestrated the merger of Global Food Properties with Cresa, a local commercial real estate firm specializing in office and manufacturing spaces for various businesses. This strategic move integrates Global Food Properties into Cresa's operations, enabling the firm to establish a dedicated food, ingredient, and nutrition manufacturing as well as R&D practice group. Counsell will spearhead this new division as its principal.

In a recent development, Jeffrey J. Counsell has overseen the merger of Global Food Properties with Cresa, a reputable commercial real estate firm headquartered in Chicago, specializing in locating office and manufacturing spaces for various enterprises.

With the integration of Global Food Properties into Cresa, the firm will now boast a dedicated food, ingredient, and nutrition manufacturing and R&D practice group, led by Counsell as its principal.

Counsell co-founded Global Food Properties in 2015, establishing it as a boutique real estate brokerage firm with a specific focus on food production and distribution facilities. Prior to this venture, he held positions at renowned companies such as CBRE and Trammell Crow Co.

Greg Schementi, president at Cresa, expressed enthusiasm about Counsell joining the team, highlighting the addition of expertise in this sector and the firm's commitment to enhancing offerings in industry sectors requiring extensive subject matter knowledge.

Furthermore, Cresa has appointed Adam Ratajski as its vice president, responsible for monitoring data and market availability, spearheading business development initiatives, and overseeing deal execution. Ratajski brings valuable experience from his previous role as a market driver at Global Food Properties and his tenure as a global food facilities associate at CBRE.

Source: Food business news