Larry Richey Larry Richey

ORLANDO—As brokerage consolidation continues, Cushman & Wakefield is on the move again. CushWake just acquired Taylor & Mathis, a commercial real estate firm specializing in agency leasing and property management.

“This acquisition is a strategic opportunity to continue our growth in the state, bolster our capabilities and expand our existing, exceptional team,” Larry Richey, managing principal and Florida market leader at CushWake, tells GlobeSt.com. The merger makes Cushman & Wakefield the second-largest property management firm in Florida.

Over the past six years, Taylor & Mathis has developed more than 600,000 square feet of office and retail product valued in excess of $250 million. The firm also manages and leases a portfolio of office and industrial properties totaling 12.5 million square feet for private and institutional property owners. Taylor & Mathis manages nearly 32 million square feet of commercial real estate in Florida. The combined portfolio spans 41 million, employing 270 property management professionals across the state.

“Taylor & Mathis of Florida has built a client-centric company with great talent,” Hank Brenner, president of Taylor & Mathis, tells GlobeSt.com. “Coming together and combining our company culture, people and vision with the team at Cushman & Wakefield, we knew that we had a winning equation to provide high-level, white-glove service to our clients across the state.”

Taylor & Mathis’ clients include UBS Realty Investors, MetLife, L&B Institutional Fund, IP Capital Partners, AEW Capital Management, and Prudential Real Estate Investors. MetWest International, Sabal Portfolio, 355 Alhambra, BAC Colonnade, Wells Fargo Center, Atrium at Waterford, One Biscayne Tower, and Datran Center are among the most notable managed properties.

CushWake has been on a roll. In April, the firm acquired Gibson Realty Group. Gibson was a commercial real estate management firm with a portfolio of more than 4.1 million square feet of office, industrial, and flex space in South Florida.

In June, CushWake acquired Multi Housing Advisors. With the acquisition, CushWake now commands 23.8% of multifamily investment sales in the Southeast, year-to-date. With nearly $3 billion in transactions, the firms captured 20% of 2015 Southeast multifamily sales.

Central Florida CRE remains strong with Multifamily, Retail and Industrial leading the way. Are You In The Know? How can you profit? Join us at RealShare Central Florida on September 7th for impactful information from the leaders in Central Florida CRE. Learn more.