Austin-Based Real Estate Firm Acquired by Longtime Partner
- May 25, 2016
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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