Corfac News

10 062015

In recent months CORFAC International has welcomed two new firms — Baltimore’s Blue & Obrecht Realty and Chattanooga, TN-based McCormick & Company Commercial Real Estate – while the brokerage industry continues to experience mergers and a shifting landscape. Earlier this year CORFAC also added new international affiliates in France (BG Carré/CORFAC International) and Spain (P&A Siglo XXII/CORFAC International).

“This is a dynamic time in the commercial real estate business with some of the big national firms merging their companies and others competing for a higher rung on the ladder,” said Scott Savacool, CCIM, SIOR, 2015 President of CORFAC International and an office broker with St. Louis, MO-based Sansone Group/CORFAC International.

“The fact that we keep attracting strong and local independent firms here and abroad is an affirmation that our affiliation platform is not only attractive to commercial real estate firms to join CORFAC, but it is also an effective network model for serving our clients regionally, nationally and internationally.”

Blue & Obrecht Realty/CORFAC International serves Baltimore and the Mid-Atlantic region. The company focuses on brokerage services, assisting tenants, owners and investors with their real estate requirements in the office, industrial, flex, R&D and to a limited degree, retail sectors. The firm is affiliated with Obrecht Properties, LLC, which offers development and construction services and manages 3 million square feet of commercial property.

Blue & Obrecht Realty/CORFAC International is managed by Founder/President Richard “Richie” F. Blue Jr., SIOR, Senior Vice President David Paulson, SIOR and Senior Vice President Paul F. Obrecht III, SIOR. Learn more at

McCormick & Company/CORFAC International serves Southeastern Tennessee and Northern Georgia in the office, retail, mixed use and industrial property sectors, and also has a property management business unit. The firm is headed by founder Gerald McCormick and Vice President Peter Avisto. McCormick & Company/CORFAC International. Learn more at

Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.