Nichols Crowder, the largest commercial and industrial real estate company in the Frankston and Peninsula region, has just expanded. The company recently acquired the commercial and industrial property management portfolio of Century 21 Wentworth Real Estate, Frankston. The acquisition reunites the current Nichols Crowder company with the original John Crowder & Sons (P/L) business established over 60 years ago and sold to Wentworth Real Estate a decade ago.
“This acquisition heralds an exciting period for Nichols Crowder”, says Michael Crowder, Director. “We’re a local business and we’re excited about the development and expansion currently occurring across the commercial and industrial markets in Frankston, Carrum Downs and surrounding suburbs through to the Peninsula. This acquisition is going to bring us into contact with more of these business owners and tenants in these areas, while giving us a greater reach across our key markets.”
Nichols Crowder now manages thousands of commercial and industrial properties. Of the company’s 50 staff, 23 are dedicated to the administration and management of client properties. Due to its complex nature, commercial and industrial property management involves a lot more than just collecting rent.
Crowder explains, “In addition to annual inspections and market reviews, property managers collect council rates, water charges and insurance from tenants. They also require knowledge of land tax, essential services, disclosure statements and the Retail Leases Act. As we’re commercial and industrial property specialists, our dedicated and reliable property management team understands rental levels and demand when it comes to reviews, and is able to find good tenants when properties become vacant.”
The acquisition is set to significantly increase the number of commercial and industrial properties handled by Nichols Crowder, and expand the company’s property management portfolio. It will complement other parts of the Nichols Crowder business, with clients benefiting from operating efficiencies and greater reach.
Nichols Crowder has offices in Carrum Downs and Moorabbin, operates Nixon Industrial, and provides owners corporation management services through its 37° Owners Corporation business.
For enquiries contact:
0408 358 926