Cushman & Wakefield Forms Alliance With Oxford Commercial To Expand Texas Reach
12 Dec, 2006, New York
Austin-based firm joins the fast-growing Cushman & Wakefield Alliance Program
Cushman & Wakefield, the world’s preeminent commercial real estate services firm, announced today it has formed an alliance with Oxford Commercial, a full-service commercial real estate services firm. The Austin-based firm previously operated as Colliers Oxford Commercial.
The new alliance serves to strengthen Cushman & Wakefield’s local market presence and scope of services in Texas by aligning with the leading local firm, while enabling Oxford Commercial to utilize Cushman & Wakefield’s global reach.
Effective December 15, 2006, Oxford Commercial joins the Cushman & Wakefield Alliance Program, an association of 20 leading regional commercial real estate firms in strategic U.S. markets. On a global basis, Cushman & Wakefield operates 195 offices in 55 countries.
Oxford Commercial is a leading local firm, with more than 20 Austin-based brokerage professionals. It has played pivotal roles in the city’s largest transactions, including representing Silicon Laboratories Inc. in its purchase of a former CSC building in downtown Austin; marketing the 711-acre Mueller airport redevelopment project; and handling site selection for Hewlett-Packard Co.’s 320,000-square-foot data center in Southeast Austin, which was completed alongside Cushman & Wakefield brokers.
“We’re pleased to welcome Oxford Commercial to the Cushman & Wakefield Alliance and build our presence in the Austin market,” said Dave Lawton, executive managing director of the firm’s Alliance Program. “We are committed to providing our clients best-in-class services and market knowledge, both on a global and local level. Oxford Commercial is the leading full-service firm in Austin, and we believe that our clients will benefit significantly through this addition to our Alliance Program.”
“The Cushman & Wakefield Alliance Program will open new avenues, allowing us to serve our clients on a global basis, while still retaining local ownership,” said Spencer Hayes, president and managing partner of Oxford Commercial.
The new alliance marks Cushman & Wakefield’s return to the Austin market. Cushman & Wakefield first opened an Austin office in 1985. In 1993, it sold the office to a small group of employees, and the firm began operating by the Oxford Commercial name. Colliers International acquired the company in 1997, and its name was changed to Colliers Oxford Commercial. In 2004, the firm’s local principals bought back the Austin office from Colliers International, retaining the Colliers affiliation.
In 2005, Cushman & Wakefield negotiated the purchase and sale of more than $35 billion in commercial real estate office properties, making it a world leader. The firm completed transactions with a total aggregate value of $69 billion in 2005. The firm also manages 430 million square feet of commercial real estate globally and employs the most MAI-designated appraisal professionals of any firm in the commercial real estate industry.
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About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 195 offices in 55 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. Cushman & Wakefield 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.
About Oxford Commercial
Full-service commercial real estate firm Oxford Commercial delivers the highest quality services throughout the complete commercial spectrum. Services include: office, industrial, retail and investment brokerage, construction management, property management, development, property tax/valuation, and market research. In business since 1993, the Austin-based company has more than 40 brokers and other professionals. In December, 2006, the company will join the Cushman & Wakefield Alliance, with more than 11,000 professionals in 55 countries and 195 offices around the globe.
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