Austin-Based Real Estate Firm Acquired by Longtime Partner

The Austin-based commercial real estate company has been acquired by its longtime partner.
Spencer Hayes

Spencer Hayes

Austin, TexasCushman & Wakefield and Austin-based Oxford Commercial have joined forces under one name through the announcement of a formal acquisition. A purchase price was not disclosed.

Cushman & Wakefield now owns Oxford Commercial, which has been in business locally since 1993.

“Oxford Commercial has been an alliance partner to the firm since 2007, and is a great cultural fit that aligns well with the Cushman & Wakefield ethos. We’re pleased to welcome Oxford Commercial, as a fully owned operation under the Cushman & Wakefield name,” said Mike Smith, president, West Region, Cushman & Wakefield.

The acquisition comes about a year after Cushman & Wakefield merged with DTZ, forming the third-largest real estate brokerage in the world with 43,000 employees in 60 countries.

“It’s a priority for our firm to have a strong corporate presence in dynamic markets, and this acquisition brings an enhanced competitive edge to our client service support in Austin. We’ve been looking at our partnerships on a market-by-market basis and making strategic moves to strengthen our platform,” added Smith.

Spence Hayes, co-founder & managing partner at Oxford Commercial, will become managing principal under the new structure.

“Oxford Commercial’s founding partners purchased the company from Cushman & Wakefield in 1993, so we already feel like part of the family. With the Cushman & Wakefield platform, we are eager to extend our ability to offer aligned services and continue our focus on quality service delivery for Oxford Commercial’s valued clients,” said Hayes.

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