CORFAC News

Hollywood, FL (February 10, 2010) –CORFAC International, an international association of leading entrepreneurial and privately held commercial real estate service providers, today announced the continuation of its expansion in Canada with the addition of Calgary-based Target Realty Corp. to its roster of firms.Founded in 1985, Target Realty is the largest privately owned and longest-serving industrial real estate sales and leasing firm in Calgary. The firm focuses its market coverage on the city of Calgary and southern Alberta. Last year Target Realty negotiated 150 transactions totaling more than C$85 million.“To maintain our competitive advantage locally, we believe it is absolutely necessary to have worldwide coverage and strong affiliate offices in major cities,” said Target Realty President, F. Ralph Gibson. “CORFAC International’s network and affiliation model of strong independently owned commercial real estate firms provides clients with a superior level of service. Our association with CORFAC will give our clients enhanced market expertise outside of Alberta including global reach and powerful marketing resources, while allowing us to maintain our entrepreneurial culture and local focus.” “Target Realty has an exceptional reputation as the premier industrial brokerage firm in Calgary and we are pleased to welcome them to CORFAC,” said CORFAC International 2010 President Owen Rouse, who is also a senior vice president and director of capital markets with Manekin, LLC/CORFAC International based in Columbia, MD (near Baltimore). “While some real estate firms are retracting, others like Target Realty are seeking strong global platforms to expand their business, enhance their depth of resources and be ready for the recovery.”The addition of Target Realty marks CORFAC International’s second expansion in Canada in recent months, following Ottawa, Ontario-based David Lang Real Estate/CORFAC International, which joined the organization in November 2009. Canadian CORFAC firms also include Toronto, Ontario-based Thomas L. Johnson Realty/CORFAC International; Vancouver, British Columbia-based Macdonald Commercial Real Estate Services Ltd/CORFAC International and Sherwood Park, Alberta-based SCR Commercial Realty/CORFAC International.CORFAC International invites firms to join the organization based on geographic markets and the ability of the firm to respond to the requirements of clients and colleagues for services. CORFAC boasts one of the highest percentages of brokers with designations in professional associations, including the Society of Industrial and Office Realtors (SIOR), Certified Commercial Investment Members (CCIM), Counselors of Real Estate (CRE), the Institute of Real Estate Management (IREM) and Certified Property Managers (CPM) of any national organization or firm.Target Realty Corp. is located at 6170 12th Street S.E. #134 in Calgary, Alberta, CA T2H 2X2. For more information visit www.target-realty.com or call 403-253-3060.About CORFAC InternationalCORFAC International is one of the largest commercial real estate services organizations in the world and celebrates its 21^st year in 2010. U.S.-based CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge, BDI in Mexico, Rios CommercialCorp. in Puerto Rico and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion. For more information on CORFAC contact 954-923-6160, info@corfac.com or visit: www.corfac.com.