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SCOTT & ASSOCIATES FINALIZE MERGER WITH KIRBO PROPERTY SERVICES AND CKW & ASSOCIATES AND BECOMES SK COMMERCIAL REALTY

ATLANTA, Georgia, Feb. 1, 2012 –

Scott & Associates, Inc., Kirbo Property Services and CKW & Associates, leading Atlanta-based commercial real estate and property management companies, have finalized their merger and become SK Commercial Realty. The new company will maintain offices on Lake Hearn Drive in Atlanta.

The companies initiated merger discussions two years ago and began collaborating on medical office projects in Georgia and Florida.  They announced the conclusion of the merger today and also announced that SK Commercial Realty will manage and lease 2045 Peachtree, an eight-story medical office building in Atlanta.  

Under the new company, Hugh Scott, Jr., will serve as chairman of SK Commercial Realty; Hugh Scott III, will serve as chief executive officer; and Tom Kirbo will become president.

“Combined the officers of SK Commercial Realty and its division leaders have developed, acquired, leased or managed more than five million square feet of office and medical office space. The announcement of our new management contract for the 2045 Peachtree medical office building is a testament to what SK Commercial Realty brings to the market,” said Hugh Scott III.

“This is about three substantial commercial real estate firms and family coming together,” said  Kirbo.  Tom Kirbo, founder of Kirbo Property Services, is son-in-law to Hugh Scott, Jr., chairman of SK Commercial Realty and brother-in-law to Hugh Scott III.                 

SK Commercial Realty will focus on providing real estate services to our clients in four key areas:  office leasing, medical leasing, project consulting and property and asset management.

Todd Cohen, a 20-year real estate veteran and owner of CKW & Associates, will serve as president of the Project Consulting Division of SK Commercial Realty.   Cohen has expertise in brokerage, development and project management services.

Tom Parker, who has more than 30 years of real estate experience and currently executive vice president of marketing services for Scott & Associates, will become president of SK Office Leasing.  

“We believe this is an exciting time to come together and grow further in the Southeast.  We’ve assembled the right leaders to provide our high quality real estate services to third party owners of office and medical office properties in the region, “said Kirbo.

SK Commercial Realty, with offices on Lake Hearn in Atlanta, represents two million square feet of current properties under lease management.  Some of the Georgia properties leased or managed include:  1200 Lake Hearn Drive, Paces Pavilion, Mansell Three,  Parkbrooke Professional Center, Doctors Center Four at Saint Joseph’s Hospital, Piedmont Place, One Westcourt Square  along with buildings in Texas, Florida and South Carolina.

For more information on SK Commercial Realty, please visit www.sk-cr.com.