Minneapolis / St. Paul Business Journal - by John Vomhof Jr. Staff writer
Welsh Cos. has joined X Team, an international network of independent retail brokerages in 45 major markets throughout the United States and Canada.
Under the partnership, Minnetonka-based Welsh’s retail team and other X Team affiliates will refer business to each other, acting like a national real estate firm.
Chris Simmons, senior vice president of retail for Welsh, said the partnership will be a valuable asset for the firm, which unlike many of its competitors does not have offices in other markets.
“They have well-respected tenant-rep brokers in a majority of the major metropolitan markets, so if we have a client that wants to enter another city, we can help make sure they’re serviced by good, professional retail brokers.”
The affiliation applies only to Welsh’s retail team. The firm’s other brokers will continue to work with NAI Global, a network of more than 300 commercial real estate firms around the world.
Welsh has 13 retail brokers, led by Simmons and fellow Senior Vice President of Retail John Johannson. The firm’s clients include Best Buy Co. Inc., The Home Depot Inc., Staples Inc., PetSmart Inc., Life Time Fitness Inc. and Caribou Coffee Co. Inc.
