Oxford Blends Culturally with Cushman and Wakefield

Hayes says there are no layoffs associated with the acquisition, instead the firm is hiring new talent.

AUSTIN, TX— Oxford Commercial has been serving clients in the areas of commercial brokerage, investment sales, development consulting, market research and related advisory services since 1993. It has approximately 35 brokers and staff members, many of whom regularly rank on top brokerage lists. The firm has consistently ranked as one of the most successful commercial real estate firms in Central Texas and has been behind many of the largest transactions, including Athenahealth ‘s lease inside the Seaholm Power Plant . In the past three years, Oxford Commercial’s transaction value totals have reached approximately $1.3 billion. Cushman & Wakefield and Oxford Commercial have cemented a long-term partnership with the announcement of a formal acquisition. Mike Smith , president, West region, Cushman & Wakefield, said the acquisition signals another step in the company’s integration and overall momentum following its recent merger with DTZ in September 2015. “Oxford Commercial has been an alliance partner to the firm since 2007, and is a great cultural fit that aligns well with the Cushman & Wakefield ethos. We’re pleased to welcome Oxford Commercial as a fully owned operation under the Cushman & Wakefield name. It’s a priority for our firm to have a strong corporate presence in dynamic markets, and this acquisition brings an enhanced competitive edge to our client service support in Austin. We’ve been looking at our partnerships on a market-by-market basis and making strategic moves to strengthen our platform,” says Smith. As Cushman & Wakefield bolsters growth through the strategic acquisition of local providers, the focus will continue to be on clients who will benefit from the expanding global reach of professionals with established market expertise and a shared vision of outstanding service. Spencer Hayes , co-founder/managing partner, Oxford Commercial, who will remain as managing principal under the new structure, says it is a fitting return to Cushman & Wakefield, the firm where he worked prior to founding Oxford Commercial. “Ultimately, this acquisition is all about the future–and it couldn’t look more promising. Our firm is in a great place right now with a cemented alliance, a team of industry leaders and our next generation of talent being nurtured and promoted,” Hayes said. “We’re part of such an incredibly powerful global platform and based in one of the most promising markets in the world. It’s hard to imagine a better place to be.” He also noted that not only are no layoffs associated with the acquisition, but that the office is on a mission to find and recruit more talent. Hayes tells GlobeSt.com: “This cements what was already a strong alliance for our Austin office, while ensuring Cushman & Wakefield a strong local presence in one of the most dynamic markets in the country. We’re all excited for the great things this means for our collective future.” Now with 43,000 employees, Cushman & Wakefield operates in more than 60 countries around the world and is well positioned in major markets for continued growth. Austin development is abundant. What are the active markets? Who are the key players? Join us at RealShare Austin for market intelligence and the best networking in the biz.