Cushman Amp Wakefield To Base Latin Link Hq In Miami
Written by Marilyn Bowden on September 28, 2000
By Marilyn Bowden
Cushman & Wakefield’s Miami real estate office will become the base for its nationwide liaison with Latin America.
"We have already taken some additional space," said Pete Harrison, senior managing director and operating director for the Florida area. "Part of it will be used by one or two people we will eventually hire to be a liaison between domestic Cushman & Wakefield and South America."
The announcement comes in tandem with the opening of operations in Buenos Aires, making Argentina the third South American country where Cushman & Wakefield, a full-service commercial real estate provider, has a presence. It also has offices in Brazil and Chile.
"Our strategy is to be the multi-disciplined, fully integrated real estate provider in all major business centers of the world," said John B. Coppedge III, executive managing director of international services. "Our expansion to Buenos Aires is in keeping with that strategy."
Mr. Harrison said Cushman & Wakefield was once well-ensconced in South America through affiliate partners, but a corporate decision to own rather than have affiliations "sent us back to zero.
"We have been expanding there by either acquisition or identifying the right senior broker and bringing him or her in."
The job of the Miami liaison will be similar to that of Asian and European coordinators based in New York, he said.
"Basically the purpose of the liaison person or persons," he said, "will be to coordinate the needs of 180 or so corporate clients whose international real estate work we handle."
The firm will be opening branches in Caracas, Bogot and elsewhere in Latin America, Mr. Harrison said.
"We want to have Cushman & Wakefield offices in the major seven to nine cities," he said.
The company has run an office in Mexico for more than 10 years, Mr. Harrison said, and has done quite a bit of work in Panama and Costa Rica for its corporate clients. In all, the firm has 146 offices in 45 countries. Details: (305) 371-4411.