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Cushman & Wakefield ranked #1 in retail sector.

Underscoring its strength in retail investment sales transactions, Cushman & Wakefield was ranked the number one firm in this sector during the first half of 2002 in a July report published by New York City-based Real Capital Analytics, Inc., a national research and consulting firm whose proprietary research is focused exclusively on the investment market for commercial real estate.

During the first six months of this year, C&W closed more than $325 million in retail sales nationally, according to the report.

"Clearly the retail sector offers tremendous opportunity for us to be a major player in this arena," said Tim Welch, executive managing director of C&W's Financial Services Group. "On the investment side, we are seeing significantly increased sales activity this year compared to last year and are well-positioned to help clients take advantage of that."

More than half of the total retail sales dollar volume generated by C&W through June of this year was transacted by the firm's national retail investment sales team based in the firm's Chicago office.

The results indicate momentum in President of U.S. Operations Bruce Mosler's Chicago-based Midwest initiative for C&W in 2002. Mosler has focused the firm's brokerage and supporting service lines toward gaining greater market share throughout the region with the goal of making C&W the dominant real estate services firm in the Midwest.

"Our Financial Services Group's strength nationally is very rewarding, based on strong new additions in the Northeast and Midwest, as well as our leadership on the West Coast," Mosler said. Mosler said the firm's investment sales success is also indicative of the benefits of offering strong, integrated services.

As part of C&W's Midwest initiative, Mosler has overseen the recruitment of several leading industry professionals, including Michael McKiernan, a former executive managing director at Grubb & Ellis, who has been appointed senior managing director and branch manager for the Chicago office; Walter Murphy, a former Grubb & Ellis senior vice president and a leading industrial brokerage professional, who has been appointed senior director; and Patrick Sullivan, a former sen. v.p. at Grubb & Ellis and a top investment sales professional, who has been appointed senior director.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 4, 2002
Words:360
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