Cushman & Wakefield will now have offices across the St. Louis region, from downtown to the West County area.
ST. LOUIS—Cushman & Wakefield plans to add 600 new jobs to its operations in the St. Louis metro area by 2019, according to company officials. To support this growth, Cushman & Wakefield has leased 92,000 square feet at 575 Maryville Centre in Town and Country, MO, a suburb just west of the city. The move will help the global firm organize its operations after a series of mergers and acquisitions greatly increased its size.
A consortium led by TPG Capital closed on its $2-billion acquisition of Cushman & Wakefield in late 2015, combining it with DTZ, which merged earlier that year with Cassidy Turley. With approximately 43,000 employees worldwide, the combined company now operates under the Cushman & Wakefield brand.
The company has its global headquarters in Chicago, but also had a significant shared services platform in the St. Louis area, including human resources, information technology and accounting.
“It made a lot of sense to continue growing off that platform,” Brian Ungles, St. Louis managing principal, tells GlobeSt.com. The company will also expand its global occupier services and property client accounting groups, which serve national and global clients.
“We have built industry leading teams here who manage some of the largest and most complex real estate portfolios in the world,” adds Greg Schuster, executive managing director, global occupier services.
And by opening a new site in the West County area, Ungles says Cushman & Wakefield now has offices throughout the metro area, including ones in Clayton, Creve Couer and in downtown St. Louis. That gives the growing company a greater ability to recruit talent from across the region, already home to 900 Cushman & Wakefield employees.
The Town and Country site was appealing, he adds, because the suburban office market here is so tight that “it was the only property with large enough blocks of contiguous space.” And this expansion will be relatively rapid, and so the time needed to design and complete a build-to-suit was also not an option.
“This is a tremendous opportunity to build on our momentum here in St. Louis,” he says.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
