Cushman & Wakefield Acquires Cowen Commercial
17 Aug, 2010, Phoenix
Cushman & Wakefield today announced its acquisition of Cowen Commercial, LLC, a real estate firm specializing in retail leasing, investment sales, shopping center repositioning and development. As a result of the acquisition, owner and president Jonathan (Jon) D. Cowen, as well as Adam Madison, Joseph Hoye II and Shannon O'Keefe will join Cushman & Wakefield, based in Phoenix.
Cowen brings more than 20 years of commercial real estate experience and is a market leader with a resume that includes transaction volume exceeding $1 billion. Since opening for business in 2001, the Cowen Commercial Team has represented local, regional and national tenants, as well as landlords, helping them to achieve their goals and objectives.
"The Cowen team is a key move in growing our retail brokerage platform, and they bring an outstanding track-record to Cushman & Wakefield," said Tom Johnston, managing director of the Phoenix office. "Their exceptional knowledge of the retail landscape, particularly with shopping centers, will further increase our depth of resources for this product type."
According to Cowen, Cushman & Wakefield is an ideal fit for his team due to its global platform and full complement of real estate services that enhances the team's ability to serve clients.
"As the world's largest privately-held commercial real estate services firm with an exceptional retail platform, particularly in the U.S. and Europe, Cushman & Wakefield has the resources available for our team to work collaboratively across borders to maximize value for our expanding client base," said Cowen. "Our collective real estate acumen coupled with our proven abilities in leasing, sales and asset repositioning help our clients achieve their business and real estate strategies."
In his new position, Cowen is a senior director with Cushman & Wakefield and will continue to serve as team leader. His prior experience includes tenure with Grubb & Ellis and De Rito Partners, where he was a consistent top producer. He attended the University of Arizona, and is an active member and frequent industry speaker with International Council of Shopping Centers (ICSC).
Madison, now a senior associate with Cushman & Wakefield, has an excellent history in landlord and tenant representation, working with clients such as Ryan Companies, Westwood Financial Corp., A&C Properties, Inc., Byxbee Development Partners, Leslie's Pool Mart and Bajio Grille. Prior to joining Cowen Commercial, he worked for several years as a leasing associate for Vestar Development Co. He holds a Bachelor of Science degree in regional development from the University of Arizona.
Hoye, now an associate with Cushman & Wakefield, also specializes in landlord and tenant representation, working with clients including Westwood Financial Corp., A&C Properties, Inc., Party City and Liberty Tax. Prior to joining Cowen Commercial, Hoye was an owner and operator of a national retail franchise, which he sold to develop his own real estate investments. Hoye attended Arizona State University.
O'Keefe, client and marketing coordinator now with Cushman & Wakefield, will continue to spearhead the team's overall marketing efforts including but not limited to coordinating all client tours, creating all marketing materials, and preparing and managing all LOI and lease transactions.
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