NAI Commercial Okanagan recently opened a new office in Kelowna, B.C.
“This market is ready for a professional solution. Our desire was to bring in a brand that allows us to operate independently, take exceptional care of our clients and also leverage the strength of an international brand,” says Tim Down, principal and managing broker.
The office is focused on commercial sales, leasing and property management services throughout the Okanagan Valley and B.C. Interior.
Down’s family has been in the Okanagan Valley since the late 1940s. His grandparents, Harold and Eleanor Down, settled in Vernon and were well respected for their entrepreneurship and community volunteerism, the company says.
“For many years I was with Colliers International where I worked with Tim – whom I’ve known personally for over 30 years,” says Mike Geddes, principal. “And I’m also a fourth generation Okanagan resident.”
Geddes’ great uncle William founded the Central Okanagan Land & Orchard Company. Geddes & Co. Real Estate operated in the 1940s and ʼ50s and his father Gordon founded Geddes Construction.
The partners, who also include principal Philip Hare, say they have something unique to offer their community. “There have been fairly dramatic changes in the commercial real estate market; restructuring related to buyouts and takeovers,” says Down. “We see the gaps that are opening up. We have deeper insights into market dynamics and we want the Okanagan to benefit from that.”
Tony Parmar is also a principal with the firm.