Cushman & Wakefield acquires Florida commercial real estate company

Commercial real estate firm Cushman & Wakefield has acquired Taylor & Mathis of Florida, a leasing and property management company with offices in Miami-Dade, Broward and Palm Beach counties, as well as Tampa and Orlando.

“We are thrilled to welcome Taylor & Mathis to the growing Cushman & Wakefield family we have in Florida,” Larry Richey, managing principal of Cushman & Wakefield, said in a statement. “This acquisition is a strategic opportunity to continue our growth in the state, bolster our capabilities and expand our existing, exceptional team.”

Terms of the deals were not disclosed. With the acquisition, Cushman & Wakefield will manage 41 million square feet of space and employ 270 people in Florida, making it the state’s second largest property management firm, according to a news release.

Taylor & Mathis of Florida manages several major office buildings in South Florida, including 355 Alhambra, Wells Fargo Center and One Biscayne Tower.

This story was originally published August 11, 2016 at 5:27 PM with the headline "Cushman & Wakefield acquires Florida commercial real estate company."