The Advanced Technology Resource Group (ATREG) has spun off from Colliers International, the commercial real estate services organization, into its own independent advisory firm, the companies announced. ATREG has been Colliers’ advanced technology manufacturing services division.

The two companies now have formed a strategic business alliance, according to the firms. ATREG will continue to provide semiconductor and advanced technology manufacturing clients with services including selling entire businesses or business units, and strategic consulting. Colliers International will operate as the new firm’s preferred real estate provider.

The semiconductor and advanced technology manufacturing industry is valued at $300 billion worldwide.

The new company will operate from its new headquarters in Seattle, and all ATREG division employees are transferring to the new location.

“The ATREG division has evolved into a top-tier advisory team completing complex transactions for some of the sector’s largest, most recognized global companies in the semiconductor space,” says Dylan Taylor, chief executive officer in the U.S. for Colliers International.

Colliers International, a subsidiary of FirstService Corp., established ATREG in 1998, when the division was retained to sell its first semiconductor manufacturing facility, and then evolved to further specialize, expand and brand within the advanced technology industry. As a provider of real estate services, Colliers International has 480 offices in 61 countries.