Ponder Properties Commercial Real Estate and NAI Chase Commercial Realty are merging to create one of the largest full-service commercial real estate brokerage companies in Alabama.
Together the firms have more than 58 years of market experience and a combined leasing, sales and property management inventory in excess of 4 million square feet plus more than 240 acres for sale/ground lease commercial development land. The inventory includes office, retail, industrial and investment properties spread throughout the state.
“The combination of our professional brokerage teams and exceptional property management, construction and receivership services will create a synergy incomparable to other local commercial real estate firms,” said Terry Ponder, president of Ponder Properties, who founded his company in 1997. “We have tremendous respect for the NAI Chase team and their impact on the Alabama commercial real estate market, particularly the impressive growth and market share they have secured in Huntsville and throughout the North Alabama region.”
NAI Chase Commercial Realty President Charlie Grelier Jr. added, “The merger brings together world-class expertise and a shared vision of strong relationships and commitment to our clients and customers.”
NAI Chase Commercial, which was founded in 1985, has been part of NAI Global since 1992. NAI Global has more than 375 offices located in North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific. NAI Global has more than 6,000 local market professionals managing 1.15 billion square feet of property and facilities.
The Ponder-Chase merger will integrate the NAI platform into daily brokerage operations for both firms. The integrated teams will include five employees from Ponder Properties and 25 from NAI Chase Commercial. Randy Thomas is being named executive vice president and will run the day-to-day operations in Birmingham’s Central Alabama region.
“Our goal is to continue being a significant contributor to Alabama’s economic growth, as a key member in the future of Alabama’s commercial real estate,” said Thomas.