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TWO MAJOR DETROIT COMMERCIAL/INDUSTRIAL REAL ESTATE FIRMS MERGE

 BIRMINGHAM, Mich., July 12 /PRNewswire/ -- Trerice Tosto and Hanzl, Kepic and Van Lokeren, Inc. have merged, forming the largest full- service commercial/industrial real estate firm in Michigan, the principals of both firms announced today.
 The merger immediately strengthens and expands Trerice Tosto's brokerage operations, particularly industrial brokerage. It gives Hanzl, Kepic's clients access to the full range of services that Trerice Tosto offers, including office brokerage, property and asset management, appraisal and consulting, investment brokerage, mergers and acquisitions and national and international real estate capabilities through Trerice Tosto's participation in Colliers International Property Consultants.
 The combined firms will operate under the Trerice Tosto name in the company's Bingham Farms, Mich., offices. Hanzl, Kepic's three principals, Robert Hanzl, Peter Kepic and Gary Glotzhober, have become principals and shareholders of Trerice Tosto. Hanzl, Kepic's five brokers and two-person support staff have been offered comparable positions at Trerice Tosto.
 "This merger will restructure the metro Detroit real estate industry by creating a very strong real estate firm with local roots that offers depth and experience in every important area of business real estate needs," said Leo R. Tosto, president and chief operating officer at Trerice Tosto.
 "It's a win-win situation for all involved -- both firms, our clients and the local real estate industry," added Kepic, who began his real estate career at Trerice Tosto.
 Although several other real estate firms approached Hanzl, Kepic about merging, the firm chose Trerice Tosto because of its 68-year history and "its superior reputation, professionalism and track record of excellence," said Kepic. "It's a terrific fit -- we share similar goals and standards, a dedication to client service and an emphasis on integrity."
 Hanzl, Kepic wanted the merger to strengthen its market position in the future, Kepic explained. "We wanted to expand beyond industrial/high tech real estate to meet increasing demands from our clients for full-service real estate. It's the trend in the industry. The merger lets us meet the demand using Trerice Tosto's existing administrative structure, and allows Hanzl, Kepic's principals to concentrate more on client activities and doing deals."
 Trerice Tosto was attracted to Hanzl, Kepic's strong track record of "done deals," experienced staff, the three principals' membership in the Society of Industrial and Office Realtors and its excellent reputation, said Byron W. Trerice Jr., Trerice Tosto chairman of the board and CEO.
 "Hanzl, Kepic is known for its integrity. That characteristic was a critical element in our decision to pursue this merger," Trerice said.
 The combined firms' capabilities include:
 -- a combined 1992 track record of 513 brokerage transactions valued at $153.77 million, including 36 transactions in 17 states plus Washington, D.C. and Canada
 -- an average of 26 years' real estate experience each for the firm's 10 principals
 -- 41 brokers
 -- nine full-time appraisers
 -- six property managers
 -- a full support staff including communications and market research.
 -0- 7/12/93
 /CONTACT: Ann Gordy of Trerice Tosto, 313-258-0266, or home, 313-646-3456/


CO: Trerice Tosto; Hanzl, Kepic and Van Lokeren, Inc. ST: Michigan IN: SU: TNM

SB -- DE031 -- 0441 07/12/93 12:55 EDT
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Publication:PR Newswire
Date:Jul 12, 1993
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