Austin, TX – Cushman & Wakefield and Oxford Commercial have cemented a long-term partnership in Austin, Texas, with the announcement of a formal acquisition.
A well-respected commercial real estate firm based in Austin, Oxford Commercial has been serving clients in the areas of commercial brokerage, investment sales, development consulting, market research and related advisory services since 1993.
Mike Smith, President, West Region, Cushman & Wakefield, said the acquisition signals another step in the company’s integration and overall momentum following its recent merger with DTZ in September 2015. “Oxford Commercial has been an alliance partner to the firm since 2007, and is a great cultural fit that aligns well with the Cushman & Wakefield ethos. We’re pleased to welcome Oxford Commercial, as a fully owned operation under the Cushman & Wakefield name,” said Mr. Smith.
Now with 43,000 employees, Cushman & Wakefield operates in more than 60 countries around the world and is well positioned in every major market for continued growth. Mr. Smith added, “It’s a priority for our firm to have a strong corporate presence in dynamic markets, and this acquisition brings an enhanced competitive edge to our client service support in Austin. We’ve been looking at our partnerships on a market-by-market basis and making strategic moves to strengthen our platform.”
As Cushman & Wakefield bolsters organic growth through strategic acquisition of proven local providers, focus will continue to be on clients, who will benefit from our expanding global bench of professionals with established market expertise and a shared vision of outstanding service.
Spencer Hayes, Co-Founder/Managing Partner, Oxford Commercial, who will remain as Managing Principal under the new structure, said it is a fitting return to Cushman & Wakefield, the firm he worked with prior to founding Oxford Commercial.
“Oxford Commercial’s founding partners purchased the company from Cushman & Wakefield in 1993, so we already feel like part of the family. With the Cushman & Wakefield platform, we are eager to extend our ability to offer aligned services and continue our focus on quality service delivery for Oxford Commercial’s valued clients,” said Mr. Hayes.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.