Cushman & Wakefield announced recently that the firm has acquired the operations of long-time alliance member Pacific Commercial Realty Advisors, located in California and Idaho.
The acquisition comprises PACCRA’s offices in Bakersfield, Fresno and Santa Clarita, as well as 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,” Dan Broderick, president of the West Region for Cushman & Wakefield, said in a prepared statement. “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 more than 40 brokers with exemplary expertise and deep roots in the markets they serve, according to a Cushman & Wakefield news release.
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 and consulting, financial management, property management and building operations.
“PACCRA is delighted by Cushman & Wakefield’s acquisition,” Vincent Roche, PACCRA’s president, added in the statement. “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 with 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.”