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Staubach Affiliates: Business as Usual

DALLAS-The independently owned Staubach Retail and Cypress Equities were severed early in the game for the JLL merger, which was reported last night by GlobeSt.com.

By Connie Gore | Updated on June 16, 2008

DALLAS-With an agreement in hand through 2019, Staubach Retail and Cypress Equities are holding fast to the Staubach name and their founder as their signature branding passes to Jones Lang LaSalle for $613 million. Roger Staubach remains rooted as consultant and a member of the board of directors of the retail and development shops.

Clay Smith, president of the 22-year-old Staubach Retail, tells GlobeSt.com that there were preliminary discussions for the pair of independent companies to sell with the Staubach Co. “But, we early on determined the timing wasn’t right for either one of us. We’re really a growth company,” he says. “The best course of action for our company was to be independent so we could be flexible and responsive to the retail market.” And, he confirms, there is no agreement in place for a roll in the future to JLL.

Smith says the transition will take 60 to 90 days to complete so the companies can go their separate ways, divvying the team and the operations. Staubach Retail, now 310 of the 1,500-employee corporate hierarchy, will double in size within three years, he says, adding the upcoming transition will determine the exact head count for the near term. Cypress Equities, a national mixed-use developer, has 135 employees.

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