Cushman & Wakefield has named Peter Stanford managing principal of the global real estate firm’s Baltimore operations, succeeding David Gillece who had led the office for the past 14 years.
Stanford will lead an office with more than 140 employees, including 49 producers, who completed more than $2.1 billion in transactions in 2017. The office’s asset services team, which Stanford directed for a time, manages a 17 million-square-foot portfolio.
“We have a great group of talented and highly-collaborative industry professionals, who take great pride in their client service and community involvement,” Stanford said.
During a 25-year career with Cushman & Wakefield, Stanford also led its global occupier services teams and supported the capital markets team.
Roberta Liss, Cushman & Wakefield’s regional managing principal for the mid-Atlantic region, said Stanford’s broad experience “will yield tremendous opportunities for our clients in the Baltimore market.”
A graduate of the Naval Academy and retired Navy pilot, Stanford sits on the board of the World Trade Center Institute of Baltimore and is a longtime supporter of Wake-A-Wish Foundation.
“Pete is the natural choice to lead the organization into the next decade,” Gillece said. “He combines unique experience as a global real estate solutions expert and a practical leader respected by our entire team.”
Cushman & Wakefield credited GIllice with establishing its Baltimore office as a top real estate services firm in the region and a market leader in brokerage, capital markets and asset services. He plans to return to working directly with clients.
“I was eager to get back to problem solving for our clients,” Gillice said. “I am a firm believer in our ability to make Baltimore an even greater city.”