|Johnson Capital of Colorado (JCOC) has entered into a definitive agreement to sell the portion of the company’s servicing portfolio owned by the Denver office to CBRE Group Inc. With the Denver office now 100% controlled by Johnson Capital and its CEO Guy Johnson, the company has additional flexibility to pursue growth strategies in its core business area, arranging commercial real estate financing for a wide variety of property types.
As part of the transaction, Michael A. Cantwell, Co-Founding Partner, and Brady O’Donnell, Principal, will transition to CBRE effective June 15, 2012. David Treadwell, also with JCOC, will join Cantwell and O’Donnell at CBRE.
“We felt this was the right move at the right time for Johnson Capital’s business in Colorado, which will enable us to focus on growth opportunities in our core financing areas throughout the Rocky Mountain states,” said Guy Johnson. “Mike and Brady are outstanding at what they do, and I’m confident the servicing portfolio they helped build will add value to CBRE’s operations,” he said.
Darren Fisk, Managing Director, replaces Cantwell as head of Johnson Capital’s Denver office. A leader in the office since 2004, Fisk has produced more than $3.2 billion in debt over the time frame. In coming months, the company is expected to add new executives with expertise in commercial real estate finance, with a focus on multifamily, retail, industrial and office projects.
“In Denver, the commercial real estate market is strong and competitive through all of our lending platforms, including life companies, CMBS and agency lenders,” Fisk said. “Local market fundamentals in Denver are rebounding at a promising pace, especially in comparison to other areas of the country,” he added.