Cushman & Wakefield team brokers $1.3 billion in deals so far this year

TRD New York /
Aug.August 15, 2011 09:28 AM

Despite the limitations of the current market, the Cushman & Wakefield brokerage team that represented Nomura Holdings in a 900,000-square-foot lease deal at Worldwide Plaza this summer is on somewhat of a winning streak, the Wall Street Journal reported. The seven-member team — led by John Cefaly, Robert Lowe and Gus Field — has done five deals already this year totaling $1.3 billion, each for more than 50,000 square feet.

“We do a lot of big deals,” Cefaly told the Journal, but “this has been an unusual year.”

Cefaly declined to comment on the amount in commissions the team received but it may have been as much as $40 million, according to a formula cited by the Journal.

The U.S. subsidiary of Japan’s Nomura Holdings announced that it would be leaving the World Financial Center for Worldwide Plaza, George Comfort & Sons and RCG Longviews’ 1.8-million-square foot office tower on Eighth Avenue and 50th Street, back in June. The move is expected in 2013.

As previously reported, Worldwide Plaza is now 95 percent leased. [WSJ]


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