Cushman & Wakefield has acquired Taylor & Mathis of Florida, LLC, a commercial real estate company specializing in agency leasing and property management, adding 9 million square feet to Cushman’s property management operations across the state.

Taylor & Mathis of Florida has developed more than 600,000 square feet of office and retail product valued in excess of $250 million over the last six years. It currently manages and leases a portfolio of office and industrial properties totaling 12.5 million square feet for both private and institutional property owners.

The acquisition makes Cushman & Wakefield the second-largest property management firm in Florida, increasing its managed portfolio from nearly 32 million square feet to 41 million square feet, employing 270 property management professionals.

Larry Richey, managing principal and Florida market leader for Cushman, the transaction “is a strategic opportunity to continue our growth in the state, bolster our capabilities and expand our existing, exceptional team.”

“We feel our first class property management business and seasoned leasing professionals are a great fit with Cushman & Wakefield’s long history of excellence and their strong national relationships,” said Brian Gale, Taylor & Mathis principal.

Current Taylor & Mathis of Florida clients include UBS Realty Investors, MetLife, L&B Institutional Fund, IP Capital Partners, AEW Capital Management and Prudential Real Estate Investors. Notable managed properties include MetWest International, Sabal Portfolio, 355 Alhambra, BAC Colonnade, Wells Fargo Center, Atrium at Waterford, One Biscayne Tower, and Datran Center.