07:47 AM EDT, 04/10/2024 (MT Newswires) -- Colliers International Group Inc. ( CIGI ) reported Wednesday the acquisition of its affiliate Colliers Philadelphia. Deal terms were not disclosed.

Colliers Philadelphia provides landlord agency, tenant representation, investment sales brokerage, and property management services to investors, developers, and occupiers of commercial real estate.

"Our acquisition of Colliers Philadelphia is consistent with our strategy of acquiring and growing significant affiliate operations that have become top players in their respective markets," said Gil Borok, president and CEO of Colliers US and Latin America.