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HOUSTON-A fine-tuning of this summer’s merger of Cushman & Wakefield and Cushman Realty Corp. has catapulted two, not one, high-profile executives into the lead role for the combined Houston teams.

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.

The merger’s physical aspects will be worked out over time. “The greater goal,” says Wegmann, “is we would like to take the combined companies to the next level in Houston.” He says it’s a bid to be “the best of class” and beef up business by a double-digit percentage.

Wegmann’s reluctant to say what will be the hardest task to accomplish. “The thing we want to focus on the most is magnifying these synergies…making sure the combined companies are maximizing the talents we have, the infrastructure we have and delivering the most value,” he says.

The combined office will play off the firms’ differences. “The thing most alike about the two,” says Wegmann, “was the commonality of the word ‘Cushman.’ The beauty of this is the maximizing of the capabilities, experience, client base, professional staff and infrastructure that we had at Cushman Realty along with the same traits and the more significant infrastructure and much more global platform at Cushman & Wakefield.”

As the merger plays out, Wegmann and Relyea intend to continue working their client bases in keeping with an ingrained philosophy from Cushman Realty. Both have been trained to “lead by example and manage by leadership,” says Wegmann, “and I think that same will work very well in the combined cultures.” Relyea has to his credit leased more than 22 million sf for a total aggregate rental in excess of $2.5 billion. Relyea, one of the Boeing Co. escorts this summer, presently is part of a team selected to represent TXU Energy Delivery for a major Dallas assignment and also is aiding King & Spaulding in a review of its more than 400,000 sf of Atlanta offices. Wegman has completed leases totaling more than 15 million sf in all aspects of brokerage. In 1997, he was named office broker of the year by National Association of Industrial and Office Parks and that same year, closed the largest lease in Houston and second largest in the US.

The co-managers also are designated as co-area leaders along with Liz Trocchio, who was named Dallas branch manager earlier this year. Relyea also will serve as vice chairman and board member while Wegmann cops the additional title of executive managing director. Relyea and Wegmann were executive vice presidents and co-managing directors for Cushman Realty.

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