Cushman & Wakefield Opens Maryland Office
20 Oct, 2005, Washington, DC
Brokerage Team Transacts State's Largest Real Estate Deals
Cushman & Wakefield (C&W) has announced the opening of an office in Bethesda, Maryland. The global real estate services firm has been increasingly active in Maryland's commercial real estate market, negotiating three (3) of the top five (5) transactions in Maryland during 2004.
Most recently, C&W closed a 316,524 square foot industrial lease, one of the largest transactions in Maryland this year, with Sephora, a division of Moet Hennessey Louis Vuitton (LMVH), the world's leading luxury group. The firm also transacted a 200,000 square foot build-to-suit for The Mills Corporation's new headquarters in Chevy Chase, which was awarded the Maryland Transaction of the Year by the Greater Washington Commercial Association of Realtors.
Although C&W has operated successfully in Maryland from their existing offices in the District and Northern Virginia for over 25 years, the firm recognizes increasing opportunities in the Maryland market as an endorsement for their decision to establish a physical presence in the state.
"We see a continued expansion of activity in Maryland," said Jim Underhill, executive managing director for the Mid-Atlantic. "Our new office and recruitment of talented professionals will help C&W leverage its current leadership position and enable us to take advantage of this growth potential."
C&W brokerage professionals rank among the top producers in Maryland, with Jean Wirsching, SIOR recognized as the number three broker in 2004 according to the Greater Washington Commercial Association of Realtors (GWCAR). For the past 18 years, Ms. Wirsching has focused on developing C&Ws Suburban Maryland market with an impressive tenant representation roster of clients such as FedEx, Eagle Global and National Data Corporation. She has received numerous industry awards honoring significant brokerage transactions, career achievement and professionalism and served as the 2001 president of the Maryland/District of Columbia/Northern Virginia Society of Industrial and Office Realtors (SIOR) as well as a serving as founding member and president of Commercial Real Estate Women of Suburban Maryland (CREW).
C&W's expansion plans include recruiting up to six brokers and support staff for the new office. Michael A. Royce, a veteran broker with Transwestern, has recently been hired. Mr. Royce, SIOR has extensive commercial real estate experience in the Baltimore-Washington corridor and has consistently been a top producer in representing tenants and landlords such as First Industrial Realty Trust, PS Business Parks and CareFirst.
For further information contact Cushman & Wakefield's Jim Underhill, executive managing director for the Mid-Atlantic at 202-467-0600.
Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.
Contact: Louise Ferreras