Richter Realty & Investment Inc. is partnering up with The
Boerke Co. Inc. to start a property management division called
Boerke Management Co.
Brookfield-based Richter and Milwaukee-based Boerke Co. will
serve Metro Milwaukee. Boerke Management Co. will be led by Tom
Richter, president of Richter Realty, and his 12 person team,
according to a company statement.
Both companies saw the new division as a way to grow their
firms, merge expertise and provide full commercial real estate
brokerage, property management, receivership, project management
and consultation under one unified brand.
“The discussion has been going on for some time now, but after
sitting down and seeing the current and potential work overlays
that were there, it was a perfect fit,” Richter said. “Both
firms needed to bring our client service offerings full circle,
and assembling two companies with great reputations and high
integrity was an excellent way to do it.”
The new management division will put Boerke in an elevated class
of commercial real estate firms, according to the statement. The
partnership has already led to three assignments, the firms
said, including an institutional client and a project management
assignment for a tenant build-out downtown.
“We have always had a great working relationship with Richter’s
group, with an exceedingly growing client base at both
companies, and our global Alliance with Cushman & Wakefield
taking hold in the region, we knew this would be a perfect time
to officially launch the joint group,” said Andrew Jensen,
Boerke’s managing partner.
“Today’s commercial real estate client base is looking for a
‘one stop shop’ for their needs, and coupling Richter and his
team’s expertise, property management, and development services
with our growing and experienced team, really positions us as a
leader in southeastern Wisconsin for all things commercial real
estate-related,” Jensen added.