The merger forms the largest commercial real estate services company based in Ohio, the newly formed company said.
IRG Realty Advisors will serve and oversee properties in 23 states on a portfolio of 70 million square feet with more than 125 employees.
Tracy Green, who formed and founded Ohio Realty Advisors (ORA), will lead IRG Realty Advisors as president and owner, the announcement said.
“As ORA’s largest client, IRG sought to organize its national holdings, accelerate its desired growth and provide key leadership and consistency to all of its tenants, investors and markets,” Green said in the announcement. “ORA was the perfect fit, having demonstrated strength in those areas for the past 13 years.”
Green, former principal of the national Trammel Crow Co., founded ORA in 2001. Green will continue working with Stuart Lichter, IRG founder, and Chris Semarjian, who worked with Lichter in Ohio.
Lichter and Semarjian worked with Chinese auto glass manufacturer Fuyao on Fuyao’s proposed acquisition of a significant part of a former General Motors plant in Moraine. The deal — which Fuyao is researching now — may lead to the first large manufacturing operation in the plant since 2008 and a hoped-for 800 workers.
IRG bought the former GM plant in 2011. The company also owns several other large properties in the Dayton area, including a Tenneco plant in Kettering and a distribution site near the Dayton International Airport.
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