Business

Karnes Research receives investment from Missouri firm

Karnes Research, a commercial real estate research firm founded in Charlotte, on Monday said it has received a “strategic investment” from Xceligent, a Missouri-based commercial real estate information firm.

Terms of the investment were not disclosed. Karnes, which is now owned by Xceligent, will keep its name for a period of time before taking on the Xceligent name, Karnes managing partner Andrew Jenkins said.

Xceligent said the deal will allow the company to enhance services for clients in the Carolinas. Xceligent currently serves 44 markets with plans to serve 65 by 2016.

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