Chicago real estate firm gains three offices in S.C. from Glen Allen alliance member
October 11, 2021
Chicago-based real estate firm Cushman & Wakefield announced last week that it had acquired the South Carolina operations of its alliance member, Glen Allen-based Morton G. Thalhimer Inc.
The acquisition includes three offices located in Charleston, Greenville and Columbia. Financial details of the transaction were not disclosed.
“We are thrilled to have Thalhimer’s South Carolina operations join Cushman & Wakefield as we share the same values of teamwork, integrity and exceptional client service,” John O’Neill, president of the central region for Cushman & Wakefield, said in a statement. “As a founding member of Cushman & Wakefield’s alliance program, we have a rich history with Thalhimer and have found great value in our partnership.”
Founded in the early 20th century, Thalhimer provides representation for tenants, landlords and buyers as well as property and project management.
“Transitioning Thalhimer’s South Carolina operations to Cushman & Wakefield is a win-win scenario for our associates and our clients,” Thalhimer President and CEO Lee Warfield said in a statement. “Cushman & Wakefield has been a valued partner, and we are confident they will drive continued success in the market. This move allows Thalhimer to focus our full attention and resources on the growth and continued success of our Virginia operations and our alliance with Cushman & Wakefield.”
Brett Gray, a managing principal in Cushman & Wakefield’s Charlotte, North Carolina, office, will oversee South Carolina operations.
“During the past five years, Cushman & Wakefield has experienced tremendous growth throughout the Carolinas, which has continued to establish itself as an attractive geography as corporate relocations and investor demand are higher than ever,” Gray said in a statement. “The acquisition of these offices in high-growth markets throughout the state was a natural next step as we expand our offerings and service delivery to our clients.”
Founded in 1917 in New York, Cushman & Wakefield has approximately 50,000 employees in more than 400 offices and 60 countries. The company went public in 2018. In 2020, the firm reported $7.8 billion in revenue.