St. Louis real estate company K2 Commercial Group has merged into Block Hawley Commercial Real Estate Services, a St. Louis company whose CEO is Kansas City real estate player Ken Block.

The merger closed on Sept. 18. No money changed hands, Casey Urkevich, partner with Block Hawley, said Wednesday.

Jeff Hawley is president of the combined company, which operates with the Block Hawley Commercial Real Estate Services name. The K2 Commercial Group also continues, Urkevich said.

Block Hawley had 11 employees, and K2 had three, he said. No jobs were lost in the transaction.

Urkevich wouldn’t disclose a revenue projection for the combined company, but he said that Block Hawley is “able to match capital with (K2’s) existing projects to make them happen.”

“They’ve got a number of listings that they’re in the process of transitioning over,” he said. “From a development standpoint, they’ve got two sizeable developments that they’re in the process of putting together.”

Block Hawley was formed in January 2008 when principals from Block & Co. Inc. Realtors teamed up with Hawley. Block Hawley — which works in the office, industrial, retail, land, investment and multifamily segments — has a property management portfolio of more than 1.5 million square feet and listings for more than 7 million square feet of institutional product in the St. Louis market.

In July, Ken Block and his brothers, Stephen and Michael, separated a unit of the business they led from Block & Co.’s retail real estate unit to form Block Real Estate Services.

Source: The Kansas City Business Journal