NAI Global, the New Jersey-based parent company of Charlotte-based commercial real estate firm NAI Southern Real Estate, has been sold.
Princeton, N.J.-based NAI Global said last week that the previously announced sale to Irving, Texas-based C-III Capital Partners is complete.
The purchase price was not disclosed.
NAI Global said the purchase will “help create a leading fully integrated commercial property services company that will operate in markets around the world.”
A network of independent commercial real estate firms and a commercial real estate services provider, NAI Global said it would continue to operate as a separate company under its current management.
C-III is also a commercial real estate services company that provides primary and special loan servicing, loan origination, fund management, title services and multifamily property management, among other things. C-III has offices in New York; Greenville, S.C.; McLean, Va.; Chicago; Dallas; and Nashville, Tenn.
Roger Cobb, senior vice president of NAI Southern Real Estate, said the purchase is expected to bring NAI more business, thanks to more management, leasing and disposition opportunities.
NAI Southern Real Estate was founded in Charlotte in 1899. It’s at 1701 E. Third St.