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C&W Makes A Play For Cousins Properties Subsidiary

NEW YORK CITY-The Manhattan-based global brokerage has acquired the third-party client services group at the Atlanta-based firm, a deal that boosts up C&W’s leasing and management portfolio to more than 11 million square feet in the Southeast.

By Jacqueline Hlavenka | Updated on August 15, 2012

NEW YORK CITY-Cushman & Wakefield has acquired the third party client services business of Cousins Properties, the company’s non-core subsidiary, GlobeSt.com has confirmed with Atlanta-based equity REIT on Wednesday. Under the terms of the agreement, C&W will assume control of Cousins’ client services group, which provides services to owners of class A office buildings in Atlanta and Dallas.

As a result of the new deal, CSG’s property management, landlord leasing and management services will be integrated into C&W’s Investor Services division, which is part of the firm’s Corporate Occupier and Investor Services Group. In addition, up to 128 professionals will transition from Cousins to C&W, which the Manhattan-based brokerage shop says will “provide immediate enhanced capabilities for clients supported by the firm’s Investor Services and Leasing groups in two key geographic areas of focus,” according to a company statement. 

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