HOUSTON-Cushman & Wakefield of Texas Inc.’s Houston office has set up a 10-member team to lead a new client service.

The team will be dedicated to clients wanting to use a sealed bid process for real estate disposition. Two successful transactions, BP Amoco and Houston Community College, have triggered the special division. Cushman and Wakefield’s Houston staff had secured in excess of $10 million for BP Amoco in the sale of more than 8,000 acres. Houston Community College had unloaded eight properties, reaping more than $14.3 million in a sealed bid sale.

The team will be targeting corporations and multi-property owners looking to sell, Todd Mason, a Cushman & Wakefield senior director, explains to GlobeSt.com. About five years ago, corporate America had taken a long, hard look at real estate assets and decided there had been a surplus.

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