Knoxville, TN – One of Knoxville’s largest commercial real estate companies, Sperry Van Ness/R.M. Moore, LLC is merging with Conversion Properties, another local powerhouse in commercial real estate. As a result, a unique combined company, unlike any other in East Tennessee is emerging. It will have R.M. Moore’s long-term regional dominance, Conversion’s expertise in the downtown Knoxville market, and the powerful national reach and depth of resources provided by R.M. Moore’s recent affiliation with national firm, Sperry Van Ness.
The principals of the two firms, Roger Moore and Joe Petre, share a combined commitment to customer-centric service at all levels of their respective organizations, which Moore says is one of the reasons why the merger is such a perfect fit. “Conversion is a strong up-and-coming company with a great downtown presence,” says Moore. “Joe is a strong leader and he will be an integral part of our continued growth.”
Moore and Petre will jointly manage the merged organization, which is retaining the Sperry Van Ness/R.M. Moore name. Joe Petre says, “Roger and I have been friends since the beginning of our real estate careers; we both have strong companies with complimentary niches.” The duo says they look forward to the strong peer-to-peer support inherent in this combination. “We see a wave of opportunity coming and it’s a great time to strategically align,” says Petre.
Last year, R.M. Moore affiliated with national real estate company, Sperry Van Ness, recognizing the advantages of being part of a network of top commercial real estate firms across the country. R.M. Moore maintained their original ownership structure and local control. Nationally, Sperry Van Ness recognized the R.M. Moore office in their Top Ten list last year and ranked Roger Moore 17th out of 1,000 national advisors in the Sperry Van Ness network. “What an amazing accomplishment for Roger and his staff and just another reason why this merger makes sense,” says Petre.
In addition to property sales, leasing and full brokerage services, the combined company has considerable expertise in property management and will continue to emphasize this important service. All personnel in both firms will remain intact after the merger. “That was really important to both of us. With the economy the way it is, we consider ourselves vey fortunate to be thriving right now,” says Moore.