Moses Tucker Real Estate and Newmark Grubb Arkansas announced today the companies have merged to create Moses Tucker Partners. The merger makes the new company the second largest commercial brokerage and management firm in the state [behind Colliers International] with 5.8 million square feet of commercial space under management in Arkansas and approximately 100 brokers and employees among four offices.
Moses Tucker Partners offers a full spectrum of commercial real estate services for clients throughout Arkansas, combining the strengths of the two companies to enhance and broaden its expertise and capabilities. The new company retains both firms’ existing offices in Little Rock, North Little Rock, Bentonville and Fayetteville. The company’s headquarters is in downtown Little Rock.
Moses Tucker Partners is the second largest commercial brokerage and management firm in the state, according to published rankings by Arkansas Business. The merger is effective immediately, though both entities will work independently for the next 60 to 90 days as legal and logistical terms are finalized.
Chris Moses, who served as president and chief executive officer of Moses Tucker Real Estate, is now president and CEO of Moses Tucker Partners. Paul Esterer, who was CEO of Newmark Grubb Arkansas, is now president of Moses Tucker Partners’ Northwest Arkansas division. Fletcher Hanson, former CEO and principal broker of Newmark Grubb Arkansas, is principal broker for the new entity. Jimmy Moses, founder and chairman of MTRE, and Rett Tucker, co-chairman of MTRE, are co-chairmen of Moses Tucker Partners.
“Our companies share a commitment to the communities where we live, work and play, and we have been fortunate to contribute to the exciting growth and commercial development we’ve seen in places like downtown Little Rock, North Little Rock’s Argenta District and Northwest Arkansas,” Chris Moses said. “This merger gives our new company a true statewide presence, and with the merger we create additional opportunities for success for our clients and our employees.”
“We serve some of the fastest-growing and most vibrant communities in Arkansas,” Esterer said. “Together, we’ve helped to revitalize commercial property in Little Rock, North Little Rock, Bentonville and across the state. Our combined experience in commercial real estate, management, brokerage and development will position the new company for a stronger future. We will continue to provide all clients with the high-quality service they value and expect. I look forward to working with Chris in guiding Moses Tucker Partners into a new phase of growth.”
Chris Moses, Paul Esterer, Jimmy Moses, Rett Tucker and Fletcher Hanson serve on Moses Tucker Partners’ board of directors and set overall direction for the independently owned and operated company.