PHOENIX-Cushman &Wakefield has acquired Cowen CommercialLLC, a real estate firm specializing in retail leasing, investmentsales, shopping center repositioning and development.

|

As part of the acquisition, owner and president Jon Cowen, aswell as Adam Madison, Joseph Hoye II and Shannon O’Keefe, will joinCushman & Wakefield’s local office. In his new position, Cowenis a senior director with the firm and will continue to serve asteam leader.

|

“We’re always chasing top talent,” says Tom Johnston, managingdirector C&W’s local office. “We have thoroughbreds in everyother sector including office, industrial and multifamily, and wewanted to have that kind of talent in retail.”

|

Johnston tells GlobeSt. he “worked on” Cowen for three yearsbefore convincing the industry veteran to join C&W. “Jon’s a top broker here,” he notes. “He’s well-known andbrings a lot of business with him. With the addition of CowenCommercial, we immediately capture market and broaden what we canoffer our clients.”

|

Cowen brings more than 20 years of commercial real estateexperience and has been responsible for transaction volumeexceeding $1 billion. He founded Cowen Commercial in 2001, andsince then, he and his team have represented local, regional andnational tenants, as well as landlords. His prior experienceincludes tenure with Grubb & Ellis and De Rito Partners.

|

Cowen tells GlobeSt. that he decided to join C&W to gainaccess to an international services platform that he couldn’tprovide as a boutique shop. “I wanted to expand the breadth anddepth of my business, and I wasn’t going to be able to do that justby being a boutique shop,” he explains. “There was business that Iwas not able to get, and it was frustrating. With the platform thatCushman & Wakefield provides, I think I can get to that leveland win some of that that business.”

|

In addition to C&W, Cowen was pursued by anotherglobal services firm, he says. “When I did the pros and cons list,Cushman & Wakefield came out head and shoulders above,” hecontends. Cowen says he talked over the decision with him team,which agreed that it was the right time to make the move and thatC&W was the right firm.

|

At C&W, Madison will serve as a senior associate. Prior tojoining Cowen Commercial, he worked for several years as a leasingassociate for Vestar Development Co.

|

Hoye, now an associate with Cushman & Wakefield, alsospecializes in landlord and tenant representation. Prior to joiningCowen Commercial, Hoye was an owner and operator of a nationalretail franchise, which he sold to develop his own real estateinvestments.

|

O’Keefe, client and marketing coordinator now with Cushman &Wakefield, will continue to spearhead the team’s overall marketingefforts.

|

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.