New Hires Bring 9M SF to C&W’s Local Portfolio

BALTIMORE-Cushman & Wakefield has added nine million square feet to
its local area leasing portfolio with the addition of a team from
Preston Partners. The new hires are giving a boost to C&W’s industrial
chops in particular--at a time when fundamentals in that asset class
are finally starting to improve, David Baird, senior managing director
of C&W’s Baltimore office, tells GlobeSt.com.

“We have more than tripled agency leasing
under representation in the industrial market and more than doubled
agency leasing in general,” Baird says. C&W has tapped seven sales and leasing agents from Preston Partners’
Columbia and Lutherville, MD offices to move to its Baltimore
location. They are Michael A. Elardo, E. Hayes Merkert, Danielle K. Schline, Christopher P. Wright, Brian N. Kruger and
Jonathan Casella, who are joining the Baltimore office. Jeffrey R.
Pacy will move to C&W’s Bethesda, MD location.

Baird says the hire comes at a time when the bulk warehouse side of
the market is beginning to recover, which also bodes well for the
economy at large. “One of the first signs of a recovering economy is
the health of industrial market especially the big box warehouse
market--that represents the front line of the consumer market,” he says.