Cushman & Wakefield | Commerce acquires 1 million sq. ft. managed portfolio from Integris Realty Services
LAS VEGAS, NEVADA (June 3, 2015) — Cushman & Wakefield | Commerce announced today its acquisition of a one million sq. ft. managed portfolio from Integris Realty Services LLC. The portfolio includes management contracts for retail, office and industrial assets in Las Vegas, Nevada. Joining CWC as part of the acquisition will be Integris Realty Services’ founder David Jewkes and Regional VP Stacy Blattner, RPA.
Jewkes started the business in 2010 after leading the property management business of Commerce TNP from 2007-2010. In 2010, Cushman & Wakefield | Commerce sold that business to Thompson National Properties. Jewkes has more than 20 years of commercial real estate experience in both the management and transaction business lines. Blattner-Altergott currently manages the one million sq. ft. portfolio.
Jewkes will work to reenergize the company’s property management business in Las Vegas. “I look forward to helping CWC rebuild its presence here in Las Vegas,” he said. “I also am excited to become reunited with the top-notch Cushman & Wakefield | Commerce brokers who can offer a broader mix of services to our management clients.”
The portfolio is comprised of 50 percent retail assets, including the prominent 65,000 sq. ft. Premium Outlet Annex center on the south end of the Las Vegas strip. The remaining 50 percent of the portfolio is split between office and industrial assets. The assets are owned by a mix of local and regional investors.
“The new partnership will support our goals to offer clients more services in more locations,” said Jeff Eaton, president of Cushman & Wakefield | Commerce and its sister company Cushman & Wakefield | NorthMarq, which is based in Minneapolis, Minnesota. “We are pleased to welcome David and Stacy to the company as we work to grow our business in Nevada.”
Cushman & Wakefield | Commerce was acquired by NorthMarq Companies in 2013 and operates as Cushman & Wakefield’s operation in Nevada, Utah, Washington and Idaho. NorthMarq Companies also owns NorthMarq Capital and is privately held by the Pohlad Companies.
“The stable ownership platform that comes from Commerce’s parent company NorthMarq Companies was a driving force in this decision as well as the support that offers to our clients and my team,” said Jewkes.
“David has maintained many solid relationships with our Las Vegas brokers, which will allow us to hit the ground running as we rebuild the property management business in Nevada,” said Lisa Dongoske, executive vice president – Occupier and Investor Services.
Mr. Jewkes joined Cushman & Wakefield | Commerce Real Estate Solutions in late 2007, when Burnham Real Estate was acquired by Cushman & Wakefield where he served as the Managing Director for the Las Vegas office. From 2005-2007, Jewkes led the Burnham Real Estate office in Las Vegas, serving as SVP Managing Director; and from 2002-2005 served as SVP of Corporate Development for Burnham in San Diego. Prior to joining Burnham Real Estate, Mr. Jewkes was affiliated with Wallace Associates in Salt Lake City where he was an associate for 11 years, serving as president and CEO from 1996 to 2002 for Utah’s oldest commercial real estate firm at the time. He also spent two years in a senior position with the Salt Lake Olympic Organizing Committee before joining Burnham Real Estate.
He is currently a member of numerous national and community-based real estate associations including: International Council of Shopping Centers (ICSC), The National Association of Industrial and Office Parks (NAIOP), National Association of Corporate Real Estate Executives (NACORE), Institute of Real Estate Management (IREM), American Society of Asset Managers (ASAM) and International Real Estate Institute (IREI). Mr. Jewkes maintains a real estate broker’s license in Utah, California and Nevada. He graduated with a degree in Marketing and Advertising from Brigham Young University in Provo, Utah where he also completed graduate studies in Business Administration.
About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, headquartered in Salt Lake City, Utah, is an independently owned and operated member of the Cushman & Wakefield Alliance with offices throughout Utah, Nevada, Washington and Idaho. The firm partners with its sister company Cushman & Wakefield | NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory. Together the firms manage more than 52 million sq. ft. of retail, industrial, and office assets, have annual revenues of more than $100 million, and employ more than 750 professionals. Learn more at www.comre.com; www.cushwakenm.com. Cushman & Wakefield | Commerce and C&W | NorthMarq are part of the Cushman & Wakefield platform, which is the world’s largest privately-held commercial real estate services firm with 250 offices in 60 countries globally. www.cushmanwakefield.com.
About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.