NEW YORK CITY-Cushman & Wakefield increased its presence in Puerto Rico with the addition of Property Concepts Commercial to its alliance program. Started in 2002, the program, which now has 16 members, was created to expand Cushman & Wakefield’s client services to specific geographic markets where the firm does not maintain an office. These firms will provide avenues for Cushman’s range of fully integrated real estate services.

Property Concepts links C&W’s platform for clients operating in the continental US, Puerto Rico, the Caribbean, and Central and South America. Fernando Toro, president of Property Concepts Commercial, says the time is ripe for the partnership. “While in the past, Cushman & Wakefield has had a presence in Puerto Rico, our local platform and expertise will further benefit C&W clients entering the market. The investment sales market for such properties is as hot here as it is in the major US urban markets.”

Established in 1992, Property Concepts Commercial provides client services in industrial, office, hospitality and retail real estate. The firm’s clients include major multinational companies with operations in Puerto Rico and other Caribbean islands, as well as large Puerto Rican corporations.

“We see this alliance as an opportunity to provide consistent services from both geographic directions in areas from office leasing to industrial, shopping center and hotel sales,” points out David Lawton, executive managing director, C&W Alliance. “Puerto Rico’s geographic location and experienced work force make it an especially attractive real estate market in relation to the Caribbean and Latin America, as well as the fast-growing Florida market.”

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