Cushman & Wakefield Names Underhill To Lead Washington, D.C. Area Offices

30 Jun, 2005, Washington, D.C.

James M. Underhill has been named a executive managing director for the Washington, D.C. area for Cushman & Wakefield, the firm announced today.

Mr. Underhill replaces Brian McVay, a longtime Cushman & Wakefield veteran who is returning to brokerage where he enjoyed much success in the Washington D.C. suburbs in the 1980s and 1990s.

"Jim Underhill is the consummate real estate executive, and he will be a great resource for clients in this area," said Mr. McVay, who served on the search committee that chose Mr. Underhill.

"The addition of Jim Underhill is a tremendous plus for our Washington operations," said C&W president and CEO Bruce Mosler. "The fact that he will have Brian McVay as part of the brokerage team is another terrific positive for our clients in the region."

Mr. Underhill is most currently the founder and president of Underhill Properties LLC. He created Underhill Properties in 2003 with a vision of developing a portfolio of waterfront projects and properties that would generate significant cash flow returns and long term equity appreciation.

Previously Mr. Underhill was the founder (1987) and president of The Staubach Company - Northeast, which had offices in Washington, D.C., Philadelphia, and Boston. He grew the organization from one person to approximately 100, with annual revenues of $25 million, before selling his ownership interest to the parent company in 2002. He developed the firm's practice group specialization (law firm, government contracting, non-profit, bio-tech, emerging tech), and also created, as a subsidiary of Staubach-Northeast, Staubach Municipal Services, which has won numerous major contracts with state and local governments around the country.

During his tenure in brokerage, Mr. Underhill negotiated transactions with a combined value in excess of $1 billion dollars involving over 3 million square feet, including Headquarters projects for Booz Allen & Hamilton, MCI, Nextel, The Nature Conservancy, The World Wildlife Fund, Mitretek, and Digital Equipment Corporation, among others.

Prior to joining The Staubach Company, Mr. Underhill was a partner with The Trammell Crow Company. While with Trammell Crow he developed more than 1.5 million square feet of mixed-use space, typically combining office and retail functions. He was responsible for acquisition initiatives in both Northern Virginia, and subsequently in the Dallas suburban market.

Mr. Underhill received his MBA degree from Harvard Business School and has taught at Harvard College.

He holds a Bachelor of Science degree in Business Administration and Accounting from Washington & Lee University. Mr. Underhill is on the Boards of Global Realty Outsourcing, Chesapeake Bay Maritime Museum, The Williams School at Washington & Lee University, and The Neediest Kids. Mr. Underhill is a member of the Young Presidents Organization (YPO) and was a finalist for the Ernst & Young Entrepreneur of the Year Award.

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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.

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