AUSTIN, Texas, May 23, 2019 — Cushman & Wakefield announced today that the firm has acquired the Austin, Texas, operations of Peloton Commercial Real Estate, one of Austin’s market-leading, full-service real estate brokerage, property management and project management firms. Peloton’s portfolio of leased/managed properties includes 5 million square feet of office, industrial, retail and mixed-use property in the greater Austin area.
The acquisition will add 40 Peloton Austin employees to Cushman & Wakefield, including Peloton’s three partners: Kevin Granger, Brian Liverman and Matt Frizzell.
Peloton’s operations in Dallas, Ft. Worth and Houston are unaffected by the acquisition.
“Austin continues to be one of the fastest-growing and most dynamic markets in the country,” said Andrew McDonald, President of Cushman & Wakefield’s West Region. “Investing in Kevin, Brian, Matt and their first-class team brings Cushman & Wakefield an enhanced competitive edge in serving the Austin business community. From startups to corporate giants, our ability to serve local, national and global occupiers and investors in Austin has never been stronger.”
“Brian, Matt and myself, together with our entire team, could not be more thrilled to be joining one of the world’s preeminent commercial real estate platforms,” Granger said.“We are incredibly grateful to the Peloton team for enabling us to grow our business and serve our clients well during our six years as a part of their firm. Joining Cushman & Wakefield, and the depth and breadth of their global platform and the outstanding team already on the ground in Austin, will allow us to take it all to the next level.”
“I am delighted to welcome Peloton Austin and their accomplished team to Cushman & Wakefield,” expressed Cushman & Wakefield’s Austin Managing Principal, Spencer Hayes. “With our shared commitment to exceptional client service, I see this as a great cultural fit – one that will allow us to continue our growth in Austin, expand our existing, outstanding team, and advance our mission to deliver the most innovative, creative solutions to our clients.”