Tempe-based Menlo Group Commercial Real Estate announced today that the full-service brokerage has purchased Page Commercial Realty Services, a property management company located in Mesa, Ariz. The acquisition will enable Menlo Group to expand its commercial property management services.
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“We first launched our property management offering a year ago,” said Menlo Group President Tanner Milne, MBA, CCIM, SIOR. “To best serve our clients and grow our business, it made sense for us to scale quickly by purchasing an existing company to supplement our current efforts.”
Page Commercial Realty Services was founded by Greg Page in 2008. Since then, the company has grown its portfolio and now manages 11 properties across the Valley.
“Greg has built an amazing property management company, and we plan to continue his legacy,” said Kody Miller, MBA, who joined Menlo Group as chief operating officer last month and oversaw the acquisition as his first project for the company. “We will take his processes and combine them with our brand, culture and technology.”
Page has worked in the development, management and leasing of retail properties for over 40 years. He will assist in the transition for a few months before beginning his retirement.
“I am excited to sell my business to Menlo Group,” Page said. “In meeting with Tanner and Kody, I knew that my clients would be in good hands.”