SAN FRANCISCO - Cushman & Wakefield (NYSE: CWK) announced that the firm has acquired the operations of long-time alliance member Pacific Commercial Realty Advisors (PACCRA) located in Central California and Idaho. The acquisition comprises PACCRA’s offices in Bakersfield, Fresno and Santa Clarita, California and Boise, Idaho.
“We are thrilled in having PACCRA join Cushman & Wakefield, which cements our long-term partnership with a shared vision and mission of collaboration, innovation and delivering exceptional value to our clients, while also enhancing our business in these markets,” said Dan Broderick, President of the West Region for Cushman & Wakefield. “PACCRA is a very talented and well-respected team of professionals who perform at a high level and importantly share in our values and culture of teamwork, drive, integrity and client success.”
PACCRA, an alliance member of Cushman & Wakefield since 2012, is owned and operated by partners Vincent Roche, Duane Keathley, Jeff Andrew and Wayne Kress and has over 40 brokers with exemplary expertise and deep roots in the markets they serve. The PACCRA team specializes in commercial real estate property of all types, including industrial, office, retail, hospitality, investment, land and multifamily, and has experience in a variety of service areas, including tenant representation, landlord representation, property disposition, buyer representation, valuation & consulting, financial management, property management and building operations.
“PACCRA is delighted by Cushman & Wakefield’s acquisition,” said Roche, PACCRA’s President. “Their interest is both a recognition of the strong performance of the markets we serve and a statement about their expectations for the future. At the same time, they provide our team of sales professionals and support staff best-in-class resources, greater access to clients, and a broader and deeper platform of services. As a unified team, we look forward to continuing to deliver value and impactful results for our clients and our people. This was very important to us.”
Cushman & Wakefield Acquires Operations of Pacific Commercial Realty Advisors Located in Central California and Idaho
Joshua Deale • 1/5/2022
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.