Cushman & Wakefield announced today the acquisition of GRV Realty Group, LLC d/b/a Gibson Realty Group, a commercial real estate management firm with a portfolio of more than 4.1 million square feet of office, industrial and flex space in South Florida.
In addition to Gibson’s portfolio of trophy properties, which is projected to expand to 5.3 MSF by the end of the year, Cushman & Wakefield also adds more than 33 professionals to its South Florida ranks. Gibson Founder and Principal O. Ford Gibson, twice honored as NAIOP’s Developer of the Year, will continue to leverage his 33 years in real estate to expand the firm’s South Florida presence.
This acquisition will have an immediate, positive impact on Cushman & Wakefield’s Florida property management market platform. The firm currently manages nearly 26 MSF in Florida, and with the Gibson acquisition, will manage more than 30 MSF, which places Cushman & Wakefield as the No. 3 property management firm in Florida. In the Miami market, the acquisition brings Cushman & Wakefield’s management portfolio to 36 properties totaling 6.1 msf, with 40 property managers.
“Our people are our differentiator, and I am thrilled to welcome Gibson’s talented group of professionals to the Cushman & Wakefield Asset Services team,” said Marla Maloney, President, Asset Services, Americas. “This acquisition provides us a distinct advantage to grow and provide consistent, high-level service to our clients across South Florida.”
Added Ford Gibson, “With the help of great people, we built a company that started from nothing and grew to become one of the Top 10 management firms in South Florida. When approached by Cushman & Wakefield, I saw a unique opportunity to provide our employees with a great place to work and a secure future. Cushman & Wakefield’s vision of being the best at what they do closely matches our philosophy at Gibson, so it is a perfect fit.”
Gibson’s clients include JP Morgan, Prudential, UBS and Codina, and notable managed properties include 1111 Brickell Avenue, 8333 Downtown Doral, Centergate at Gratigny, Westside Plaza I-III and 550 Biltmore, all in Miami, and Quiet Waters Business Park in Deerfield Beach.
Access the following links to download Gibson portfolio property photos:
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