Cushman & Wakefield announced today that Justin Royce, a former Vice President at CBRE, has joined the firm as a Senior Director. Mr. Royce will join the commercial leasing team led by Executive Vice Chairman Tara Stacom, and will be based in the firm’s Midtown Manhattan offices. The addition of Mr. Royce enhances Cushman & Wakefield’s well-regarded reservoir of mid-level brokerage talent.
Mr. Royce brings more than a decade of experience in real estate deal-making. During his tenure at CBRE, he played an integral role in executing an array of commercial real estate transactions totaling in excess of 2.8 million square feet with an aggregate value of over $1 billion.
“We’re proud to bring a brokerage professional of Justin’s caliber to an already strong team in New York, and we’re looking forward to his contributing substantial value to our clients,” said Ron Lo Russo, President of Cushman & Wakefield’s New York Tri-state Region. “We anticipate Justin being a highly valuable asset and I’m proud to have a broker with his integrity and character join the firm.”
Mr. Royce has represented some of New York City’s biggest commercial landlords, including American Realty Capital, MetLife and SL Green Realty Trust. Other major clients have included Ally Financial, Cerberus Capital Management, Herman Miller and Titan.
“Given Justin's track record and having worked personally with him on transactions, I know he will add great synergism to the team,” said Ms. Stacom. “Given the multitude of major projects we’re currently involved with, and the exciting new opportunities that are continually presenting themselves, we’re especially pleased to welcome Justin’s talent and experience.”
Mr. Royce is a graduate of the University of Richmond, where he received Bachelor of Arts degrees in Economics and Psychology. He is a member of the Young Men’s /Women’s Real Estate Association and REBNY, and is also involved in various non-profit organizations including the Indian Mountain School and the Cystic Fibrosis Foundation’s Young Professionals Leadership Committee.
Cushman & Wakefield, via its parent, Exor S.A. recently reported strong third quarter and 2013 year to date earnings. Cushman & Wakefield’s third quarter gross revenue increased 30 percent year-over-year, outpacing both Jones Lang LaSalle (+17 percent) and CBRE (+11 percent). The company’s third quarter Adjusted EBITDA increased 74 percent year-over-year and all regions and service lines experienced double digit revenue growth. Year to date, Cushman and Wakefield has made over 1,500 hires globally.