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| Glenn Rufrano |
NEW YORK, NY, Oct. 1, 2012 – Cushman & Wakefield and
Cousins Properties Incorporated (NYSE:CUZ) have closed on a transaction
integrating Cousins’ third party client services business into Cushman &
Wakefield’s globally integrated platform.
The business unit,
previously known as The Client Services Group (CSG), provides third party
services to owners of Class A office buildings in Atlanta and Dallas including
Leasing, Property Management, and Project Management services.
Cousins Properties
will continue to own and operate its fee business that is not associated with
the Client Services Group.
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| Larry Gellerstedt |
Under the terms of
the transaction, more than 100 professionals have transitioned from Cousins to
Cushman & Wakefield, providing immediate enhanced capabilities for clients
supported by Cushman & Wakefield’s Investor Services and Leasing groups in
two key geographic areas of focus as part of the firm’s strategic growth
plan.
Glenn Rufrano, President and CEO of Cushman & Wakefield said,
“Throughout the execution of this transaction, our goal has been to put the
needs of our clients first while providing them with a seamless transition.
“We remain focused on driving meaningful value into our
clients’ assets and organizations while adding significantly enhanced
capabilities and a more consistent service mix in two priority markets in the
U.S.”
“One of the greatest benefits of this transaction is that it
combines the strength of two like-minded organizations whose professionals
share the same client-centric operating principles,” said Larry Gellerstedt, President and CEO of Cousins Properties.
“This not only
ensures that our clients will be part of a broad global platform and can
leverage all of the benefits that come with it, but is also consistent with
Cousins’ strategic goal of simplification and a heightened focus on our core
business.”
For a complete copy
of the company’s news release, please contact:
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