Tag Archive for: dtz

Cushman & Wakefield Acquires Taylor & Mathis

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On the heels of its merger with international real estate powerhouse DTZ,Cushman & Wakefield of Florida Inc. has snapped up a Florida firm with a presence in each of the Sunshine State’s biggest markets.

Cushman this week closed on its acquisition of Tampa-based Taylor & Mathis of Florida, adding about 120 employees to its Florida footprint. Of those, about 100 are in property management, with the remainder in brokerage and leadership positions.

Financial terms of the deal were not disclosed.

With the acquisition, Cushman becomes the second largest property management firm in Florida. The combined company will have a management portfolio of 41 million square feet, employing 270 property managers.

Hank Brenner, president of Taylor & Mathis of Florida, said Wednesday that he and Larry Richey, Florida market leader for Cushman, have had conversations about a potential acquisition dating back years.

“The days of the small guys seem to be limited,” Brenner said, “and we felt like we wanted to get the right fit, and again, this felt like absolutely the right fit.”

Cushman & Wakefield, like its peers in commercial real estate, has an international network through which to market properties and potentially draw new clients. Under Richey’s leadership, Cushman’s Florida network combines the resources of a major corporation with an entrepreneurial vibe in its local offices.

“In my view, this is the single largest acquisition opportunity that’s surfaced in Florida in the last 10 years, maybe 20 years,” Richey said.

Taylor & Mathis has property management and brokerage employees in Tampa, Orlando and Miami. In Jacksonville, the company has a small presence, handling the management of a half-million-square-foot building.

No employees will be cut, Richey said. Taylor & Mathis employees in each market will move into Cushman offices.

One of the biggest changes for the Taylor & Mathis employees will be the available resources, like Cushman’s data and marketing said Damien Madsen, principal in Taylor & Mathis’ Orlando office.

“We try to do so much stuff on our own,” he said. “Having access to resources is going to be a huge, huge benefit to us.”

 

Source:  TBBJ

Bonsignore Signs The Fund To 14,000 SF Long-Term Lease

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Approximately 14,000 square feet has been leased at Crown Center, located at 1201 W. Cypress Creek Road, Fort Lauderdale.

The property’s newest tenant, The Fund, a registered trademarked company of Attorneys’ Title Insurance Fund, is headquartered in Orlando and will be opening a branch in this space.

“The tenant was attracted to the property based on its proximity to I-95, signage opportunity, ample parking and lobby exposure,” says Sal Bonsignore, Senior Vice President with Colliers International South Florida, who exclusively represents landlord Midgard Group at the +/- 475,000-square-foot office campus. Crown Center is a LEED certified office campus with tenant amenities which include, on-site banking & café, electric vehicle charging stations and on-site management.

“We are seeing increased activity at Crown Center, and are optimistic this trend will continue as the overall  leasing market continues to improve,” Bonsignore adds. The Fund was represented by Vincent Mele of Vincent Mele & Associates, Inc. and Jill Arias, Senior Vice President with DTZ Americas, Inc.

 

 

Bob Schneiderman To Head New CRE Office

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Bob A. Schneiderman, SIOR has been appointed executive vice president at DTZ’s newly-opened office in Boca Raton, FL. Schneiderman brings more than 26 years of experience in all facets of commercial real estate, and will be responsible for building cooperation in the local CRE marketplace while expanding the DTZ business lines throughout southeast Florida.

Schneiderman spent the past 16 years with NAI/Merin Hunter Codman, Inc., specializing in corporate services and tenant representation. He has been involved in more than 2 million square feet of commercial leases valued at approximately $750 million. His client list includes Charles Schwab, G4S Secure Solutions, Comcast and Oasis Outsourcing.

DTZ, a UGL company, is a global property services firm supplying occupiers and investors with agency brokerage and integrated property and management services in addition to capital, investment and asset management and consultation. DTZ employs 47,000 people in 208 offices across 52 countries.

 

Source:  CRE-sources