Steering the ship will be Tim D. Relyea and Scott Wegmann, both 20 plus-year veterans of the former Cushman Realty. Founder Lou Cushman, now vice chairman of Cushman & Wakefield and a board member, remains in Houston and will assume management and leadership roles for the combined firm. "They're not defined yet," Wegmann tells GlobeSt.com, "but he will have them."
No layoffs are anticipated for the 110 former Cushman Realty employees or the 25 person staff of Cushman & Wakefield of Texas in Houston, Wegmann stresses. "We are very pleased with the quality of the team we have and the chemistry and culture that this merger has created," he says. And, he adds, all titles remain intact.
The merger will force an office move. Where, when and what space will be vacated remain to be seen. Wegmann says Cushman Realty still has a couple years left on its lease for about 10,000 sf at Williams Tower, situated at 2801 Post Oak Blvd. Cushman & Wakefield offices in about 22,000 sf at America Tower, are located at 2929 Allen Parkway in the American General Center.
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