Mike McDonald recognized as Top Broker by Connect Media

Savannah Durban • 4/6/2020
Mike McDonald, Vice Chairman in Cushman & Wakefield’s Capital Markets group, has been named a Top Broker by Connect Media. Mike is one of the firm’s top-producing brokers in the Americas, specializing in high-profile office sales in the Sunbelt markets, including Texas, North Carolina and Nashville.

Michael McDonald Dallas BrokerBased on more than 500 nominations received, Connect Media recognized 105 leading commercial real estate brokers, or teams of brokers, in property sales and leasing for this honor. Transactions considered included 2019 total dollar volume, total deal square footage and total number of transactions.

Mike’s notable transactions in 2019 include some of the most significant property sales in their respective markets. His sale of 1900 Pearl in Dallas for $183 million set a new price-per-square-foot record in the city, at $700 PSF. The tower was sold in an all-cash transaction to a state pension fund.

In Austin, Texas, Mike worked on the disposition of Chase Tower, which sold for $240 million transaction to an Australian Pension Fund. It was the fund’s first acquisition in the State of Texas.

In Charlotte, North Carolina, he marketed and sold Bank of America Tower at Legacy Union, one of the most recognizable towers in the city. The property sold for $450 million to a public REIT in an all-equity transaction that set the record for the largest deal ever done in the Carolinas.

Lastly, Mike also worked on the sale of KPMG Plaza in Dallas. The $260 million transaction set the cap rate record in the State of Texas as the tower went to a high-net-worth Spanish investor.

Congratulations Mike!

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