Left to right: Russell Ingrum, Jared Chua and Matt Murphy [Photo: Cushman & Wakefield]

Chicago-based Cushman & Wakefield has expanded its office investment sales advisory services in Texas with the addition of several key executives.

Russell Ingrum, Jared Chua, and Matt Murphy have joined the firm as executive vice chairman, executive managing director, and director, respectively. Ingrum is also taking on a leadership role with the Office Investment Advisors (OIA) platform nationally.

Ingrum and Murphy are based in Dallas, while Chua is based in Houston, the firm said.

“The addition of Russell, Jared, and Matt is further testament to the strength of our brand and the confidence top industry professionals have in Cushman & Wakefield’s Capital Markets platform,” Victoria Malkin, president of Americas markets at Cushman & Wakefield, said in a statement. “As a result, we’re primed to offer our clients the best advice and become the office capital markets leader in Texas and across the country.”

The company said that with recent additions of Todd Savage in Dallas and Kelsey Shebay in Austin, its Texas office Capital Markets team offers comprehensive institutional coverage across the state and the broader capital markets landscape.

“Cushman & Wakefield’s commitment to growing its office investment sales advisory business in Texas and across its platform attracted us to this exciting opportunity,” Ingrum said in a statement. “With the firm’s analytical, collaborative approach and our combined, deep industry relationships we are best positioned to provide unparalleled client services in this complex capital markets environment.”

‘Texas’ growth continues to fuel the office market’

Chris Hipps, Cushman & Wakefield executive regional director for Texas, said that said the moves positions the firm well.

“Texas’ growth continues to fuel the office market and drive a truly dynamic, powerhouse economy,” Hipps said. “With the depth and breadth of our new office capital markets team and capabilities, we’re well positioned to seize this timely opportunity to advise and work with investment capital targeting the state.”

Before joining Cushman & Wakefield, Ingrum, Chua and Murphy successfully closed more than 1,000 equity sales transactions of office buildings as CBRE’s Texas Capital Markets Institutional Sales team. Those transactions totaled more than 312 million square feet, representing $50.5 billion. the firm said.

Miles Treaster, Cushman & Wakefield president of Americas Capital Markets, said the operation has seen a transformation.

“With these recent additions, we’ve transformed our Texas office Capital Markets practice, enabling delivery of outstanding institutional coverage and advisory services across the state,” he said. “What’s more, Russell is an ideal leader for our national Office Investors Advisory group. His expertise will be instrumental in driving client engagement, business development and platform-wide collaboration.

With 30 years of real estate experience, the firm said that Ingrum has been a top national producer in investment sales on behalf of institutional clients, representing many of the country’s largest equity/opportunity funds, life insurance companies, and REITs, the company said. Chua’s experience covers nearly 25 years representing owners in institutional office transactions across the state. Murphy’s 10 years of experience in commercial real estate includes roles at Eastdil Secured and Crow Holdings Capital Partners.

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