COMMERCE REAL ESTATE SOLUTIONS EXPANDS SEATTLE AND BELLEVUE PRESENCE VIA CUSHMAN & WAKEFIELD ALLIANCE
Strategic initiative aims for preeminence in services with more brokers, increased support
Salt Lake City, UT, March 15, 2010 – Cushman & Wakefield, the world’s largest privately-held commercial real estate services firm, today announced the expansion of its alliance with Commerce Real Estate Solutions. In a strategic move to expand its brokerage and property management services to the Seattle and Bellevue marketplace, Commerce will employ the professionals of Cushman & Wakefield’s Washington state offices and provide seamless services to clients.
Commerce, headquartered in Salt Lake City, has been the leading provider of commercial real estate services in Utah and surrounding states including brokerage, tenant representation, property and facilities management services for over 30 years. The firm is one of 26 members of the Cushman & Wakefield Alliance Program, an association of local and regional firms in over 55 US markets of strategic importance to Cushman & Wakefield and its clients.
Commerce plans call for adding more industrial, office and retail brokerage professionals, as well as expanding the office’s services to state and local government agencies, financial institutions, and existing national and global clients. Cushman & Wakefield Valuation Services professionals in Washington state will remain Cushman & Wakefield employees and will continue to offer appraisal expertise under the Cushman & Wakefield brand utilizing a shared office space arrangement with Commerce.
“Our strong relationship with Commerce in Utah and Nevada led to this expansion of our alliance to the Seattle and Bellevue marketplace,” said John C. Santora, president and CEO of Cushman & Wakefield Americas. “We believe the unique nature of the Seattle and Bellevue markets will benefit from the entrepreneurial and localized influence of this strong alliance partnership. Commerce is highly qualified to help us grow our presence in the State of Washington.”
John Miller, senior managing director of Cushman & Wakefield of Washington Inc., will join Commerce as a member of the firm’s regional leadership team.
“This move is a significant benefit to our employees and clients,” said Miller. “To have the advantage of Cushman & Wakefield’s global platform combined with the local ownership and resources provided by Commerce creates alignment throughout the local offices and a dynamic organization going forward.”
Michael M. Lawson, President and CEO of Commerce said, “We have a long history of success with Cushman & Wakefield’s professional team and global platform, and are absolutely thrilled to welcome the Seattle and Bellevue professionals to our firm. In today’s economic environment, clients demand local leadership and national/international services. Commerce and Cushman & Wakefield, together, provide that.”
About Commerce Real Estate Solutions
Commerce Real Estate Solutions has been among the top commercial real estate brokerage firms in the Intermountain West for over 30 years. Commerce Real Estate Solutions is headquartered in Salt Lake City, with offices in Provo/Orem, Clearfield, and St. George, Utah, Las Vegas, Nevada and now in Seattle and Bellevue, Washington. It offers a full range of brokerage services, valuation and consulting, client representation and property/facility management. With over 260 brokers and staff members, Commerce Real Estate Solutions has the tools, resources, and experience to provide world class service to investment and corporate real estate clients on a global basis. www.comre.com
About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm and the third largest firm globally. Founded in 1917, it has 231 offices in 58 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services; Capital Markets; Client Solutions; Consulting Services, Valuation and Advisory Services, and a robust Alliance Program led by Director Laurie Williams, Executive Managing Director, Clint Miller and Executive Vice President Mike Elting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.
For more information, contact: Contact: Lindsay Mueller 801-303-5410, Jeri Cartwright 801-583-2549