ORLANDO—As brokerage consolidation continues, Cushman & Wakefield is on the move again. CushWake just acquired Taylor & Mathis, a commercial real estate firm specializing in agency leasing and property management.
“This acquisition is a strategic opportunity to continue our growth in the state, bolster our capabilities and expand our existing, exceptional team,” Larry Richey, managing principal and Florida market leader at CushWake, tells GlobeSt.com. The merger makes Cushman & Wakefield the second-largest property management firm in Florida.
Over the past six years, Taylor & Mathis has developed more than 600,000 square feet of office and retail product valued in excess of $250 million. The firm also manages and leases a portfolio of office and industrial properties totaling 12.5 million square feet for private and institutional property owners. Taylor & Mathis manages nearly 32 million square feet of commercial real estate in Florida. The combined portfolio spans 41 million, employing 270 property management professionals across the state.
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