The Acquisition Makes Cushman & Wakefield the Second Largest Property Management Firm in the State of Florida
TAMPA, FLORIDA – Cushman & Wakefield announced today that it has acquired Taylor & Mathis of Florida, LLC, a leading commercial real estate company specializing in agency leasing and property management.
Over the past six years, Taylor & Mathis of Florida has developed more than 600,000 square feet of office and retail product valued in excess of $250 million. It currently manages and leases a portfolio of office and industrial properties totaling 12.5 million square feet (msf) for both private and institutional property owners.
“Taylor & Mathis of Florida has built a client-centric company with great talent,” said Hank Brenner, President of Taylor & Mathis of Florida. “Coming together and combining our company culture, people and vision with the team at Cushman & Wakefield, we knew that we had a winning equation to provide high-level, white-glove service to our clients across the state.”
“We are thrilled to welcome Taylor & Mathis to the growing Cushman & Wakefield family we have in Florida,” said Larry Richey, Managing Principal and Florida Market Leader. “This acquisition is a strategic opportunity to continue our growth in the state, bolster our capabilities and expand our existing, exceptional team.”
The acquisition makes Cushman & Wakefield the second largest property management firm in Florida. The company currently manages nearly 32 msf in the state. The Taylor & Mathis of Florida acquisition creates a combined portfolio of 41 msf, employing 270 property management professionals throughout the state.
“We feel our first class property management business and seasoned leasing professionals are a great fit with Cushman & Wakefield’s long history of excellence and their strong national relationships,” said Brian Gale, Taylor & Mathis Principal. “This successful acquisition highlights the hard work and excellence both firms bring to our clients.”
Added Damien Madsen, Taylor & Mathis Principal, “We are very excited to be a part of a global firm with an impeccable reputation for client services and the resources to provide those services.”
Taylor & Mathis of Florida’s current clients include UBS Realty Investors, MetLife, L&B Institutional Fund, IP Capital Partners, AEW Capital Management and Prudential Real Estate Investors. Notable managed properties include MetWest International, Sabal Portfolio, 355 Alhambra, BAC Colonnade, Wells Fargo Center, Atrium at Waterford, One Biscayne Tower, and Datran Center.
Florida’s gross domestic product, or overall economic output, grew 3.1 percent in 2015, beating the national average of 2.4 percent, making it the third-highest rate among large states. The forecast for Florida’s economy for the next four years calls for continued growth at a faster pace than the national average on the strength of job creation and an improving housing market.
For Further Information Contact:
Corporate Public Relations Director
Cushman & Wakefield
+1 404 682 3381