The Real Deal Miami

Cushman & Wakefield acquires Taylor & Mathis

Cushman says the deal makes it the second-largest property management firm in Florida

August 13, 2016 11:15AM

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355 Alhambra Circle in Coral Gables

355 Alhambra in Coral Gables, one of the South Florida office buildings Taylor & Mathis manages.

Commercial real estate services provider Cushman & Wakefield acquired Taylor & Mathis of Florida, a Georgia-based company that leases and manages property and has offices in South Florida.

Among the South Florida office buildings Taylor & Mathis manages are 355 Alhambra in Coral Gables and the Wells Fargo Center and One Biscayne Tower in Miami.

The parties did not disclose terms of the acquisition of Kenesaw, Georgia-based Taylor & Mathis. The property manager and leasing agent has offices in Broward, Miami-Dade and Palm Beach counties and in Orlando and Tampa.

Cushman & Wakefield said in a press release the Taylor & Mathis acquisition will increase its Florida employment to 270 and its property under management statewide to 41 million square feet, making it Florida’s second-largest property management company.

In a written statement, Larry Richey, managing principal of Cushman & Wakefield, described the acquisition as “a strategic opportunity to continue our growth in the state.” [Miami Herald] — Mike Seemuth