Xceligent using Web to expand reach

As part of its efforts to expand across the country, Independence-based commercial real estate market tracker Xceligent Inc. is launching CommercialSearch.com to list and market properties nationwide.

The Web site initially would be filled with more than 200,000 listings from its current 30 researched markets, including the Springfield area, according to a news release.

During the next 36 months, the company is planning to move its platform into 65 major markets nationwide.

"We are committed to the marketplace and to changing the landscape of commercial real estate information," Xceligent CEO Doug Curry said in the release. "We know the industry wants this alternative to other public search sites, and CommercialSearch will benefit commercial real estate professionals in all market sizes."

Curry said the company is in talks with many of the top 400 listing companies in the U.S. to gather listings and support the Web site.

DMG Information Inc. recently bought out LoopNet's ownership stake in Xceligent, a move intended to create a nationwide competitor to the recent merger of CoStar Group and LoopNet. DMGI is funding Xceligent's expansion into other markets, according to Springfield Business Journal archives.