MIAMI—Cushman & Wakefield has acquired GRV Realty Group, also known as Gibson Realty Group. Gibson is a commercial real estate management firm with a portfolio of more than 4.1 million square feet of office, industrial, and flex space in South Florida.
“Our people are our differentiator, and I am thrilled to welcome Gibson's talented group of professionals to the Cushman & Wakefield Asset Services team,” Marla Maloney, president of asset services in Americas, tells GlobeSt.com. “This acquisition provides us a distinct advantage to grow and provide consistent, high-level service to our clients across South Florida.”
Beyond Gibson's portfolio of trophy properties—which should swell to 5.3 million square feet by the end of the year—the acquisition also adds another 33 professionals to CushWake's South Florida ranks. Gibson founder and principal O. Ford Gibson, a 33-year veteran who was twice honored as NAIOP's Developer of the Year, will expand the firm's South Florida presence.
“With the help of great people, we built a company that started from nothing and grew to become one of the Top 10 management firms in South Florida,” Gibson tells GlobeSt.com. “When approached by Cushman & Wakefield, I saw a unique opportunity to provide our employees with a great place to work and a secure future. Cushman & Wakefield's vision of being the best at what they do closely matches our philosophy at Gibson, so it is a perfect fit.”
CushWake manages 26 million square feet of space in Florida. With the Gibson deal, over 30 million is in the books. That makes the firm the third-largest property management company in the state.
The acquisition brings CushWake's property management portfolio to 36 commercial real estate assets in Miami. The portfolio spans 6.1 million square feet under the management of 40 professionals.
Gibson's clients include JP Morgan, Prudential, UBS, and Codina. Notable managed properties include 1111 Brickell Avenue, 8333 Downtown Doral, Centergate at Gratigny, Westside Plaza I-III and 550 Biltmore, all in Miami, and Quiet Waters Business Park in Deerfield Beach, FL.
CushWake isn't the only firm to bank on acquisitions. JLL acquired tenants-only Cresa in December.
MIAMI—Cushman & Wakefield has acquired GRV Realty Group, also known as Gibson Realty Group. Gibson is a commercial real estate management firm with a portfolio of more than 4.1 million square feet of office, industrial, and flex space in South Florida.
“Our people are our differentiator, and I am thrilled to welcome Gibson's talented group of professionals to the Cushman & Wakefield Asset Services team,” Marla Maloney, president of asset services in Americas, tells GlobeSt.com. “This acquisition provides us a distinct advantage to grow and provide consistent, high-level service to our clients across South Florida.”
Beyond Gibson's portfolio of trophy properties—which should swell to 5.3 million square feet by the end of the year—the acquisition also adds another 33 professionals to CushWake's South Florida ranks. Gibson founder and principal O. Ford Gibson, a 33-year veteran who was twice honored as NAIOP's Developer of the Year, will expand the firm's South Florida presence.
“With the help of great people, we built a company that started from nothing and grew to become one of the Top 10 management firms in South Florida,” Gibson tells GlobeSt.com. “When approached by Cushman & Wakefield, I saw a unique opportunity to provide our employees with a great place to work and a secure future. Cushman & Wakefield's vision of being the best at what they do closely matches our philosophy at Gibson, so it is a perfect fit.”
CushWake manages 26 million square feet of space in Florida. With the Gibson deal, over 30 million is in the books. That makes the firm the third-largest property management company in the state.
The acquisition brings CushWake's property management portfolio to 36 commercial real estate assets in Miami. The portfolio spans 6.1 million square feet under the management of 40 professionals.
Gibson's clients include
CushWake isn't the only firm to bank on acquisitions. JLL acquired tenants-only Cresa in December.
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