One of St. Louis’ largest commercial real estate companies is transitioning from a family-owned business to independent ownership.
Gershman Commercial Real Estate, with over $114 million in local real estate transactions last year, was acquired for undisclosed terms last month by President and CEO Christopher Fox, who has served in those roles since 2019.
Fox acquired the company from the Gershman family, which founded the company nearly 75 years ago. To prepare for the transition, the company has created new strategic leadership roles over the last several years. Its headquarters will stay at the company’s existing office in Clayton, at 150 N. Meramec.
The Business Journal spoke to Fox about the transaction and what the future holds for the company. The sale has no effect on the operations of Gershman Mortgage or Gershman Investment Corp., firms that are separately owned and have always operated separately from Gershman CRE. (Continue to Article).