New York real estate advisory firm Newmark Knight Frank has acquired Dallas-based Jackson Cooksey.
Founded in 1982, Jackson Cooksey is a corporate tenant representation company with 70 workers across locations in Dallas, Houston, Austin and Denver. Its clients include Fortune 500 companies, according to a press release announcing the transaction.
Jackson Cooksey was No. 18 on the Houston Business Journal’s 2018 Largest Houston-Area Commercial Real Estate Brokerages List, based on its 20 local licensed professionals as of January. It also was named one of the "Best and Brightest Companies to Work For" in Houston earlier this year.
With its acquisition, terms of which were not disclosed, founder James Cooksey will join NKF’s Texas office as vice chairman and president of tenant representation for the state. NKF has three offices in Austin, four in Dallas and one in Houston.
All of Jackson Cooksey’s workers will also be retained.
“Every single professional in the entire company is making this transition,” Cooksey told the Dallas Business Journal. “That, from my experience, is an anomaly. What that says to me is the these people are excited about making this transition. We see a wonderful opportunity … to better serve our clients in Texas and across the globe.”
Neal Golden, NKF’s president for the Texas region, said Jackson Cooksey’s corporate culture made the company an ideal acquisition.
“One, is the obvious, which is the incredible synergies amongst our cultures,” Golden said of why NKF acquired Jackson Cooksey. “And then (the firm) has so much experience with corporate clients that span not just the U.S., but across the globe.”
NKF is operated by Newmark Group (Nasdaq: NMRK) and employs 15,000 workers in more than 400 offices globally.
Largest Houston-Area Commercial Real Estate Brokerages
Ranked by Licensed Professionals
Rank Company Name (Prior Rank) Licensed Professionals 1 CBRE Group Inc. 162 2 Transwestern 132 3 JLL 103 View This List