Cushman & Wakefield Expands Florida Operations With NAI Southcoast and JSA Teams

Florida People & Companies, March 6, 2026
CRE Market Beat Take
A sizable Southeast industrial fund launch alongside urban infill residential projects in Miami-Dade and Jacksonville underscores that institutional capital is still targeting Sunbelt logistics and multifamily despite broader market selectivity.

Cushman & Wakefield has expanded its Florida platform by adding the brokerage team from NAI Southcoast and the valuation professionals from Johnson Schroth and Associates (JSA). The move broadens the firm’s coverage in Florida’s Space Coast and Treasure Coast regions and brings eight brokers, three appraisers and additional staff under the Cushman & Wakefield banner. The combined leadership team includes Douglas R. Legler, who focuses on industrial brokerage, and Stuart Duffin, CCIM, SIOR, who is recognized for office leasing and sales. Also joining the leadership group are Nikolaus M. Schroth, who has overseen large-scale residential and commercial development, and J. Jeffery Allman Jr., who specializes in retail sales, leasing and site selection across Florida.

The brokerage operation is further bolstered by the addition of Casey A. Combs, JJ Sanguily, James C. McKinney and Reid Armor to Cushman & Wakefield’s brokerage ranks. On the support side, Nicole Sirois and Jamie Carl have joined the firm’s marketing and administrative staff. Collectively, these hires deepen the firm’s transactional coverage across industrial, office and retail property types and enhance in-house valuation capabilities tied to commercial assets throughout the state.

On the capital formation front, IP Capital Partners (IPCP), a vertically integrated real estate investment manager focused on industrial assets in the Southeast, has launched IPCP Southeast Industrial Fund II, L.P. The new income-and-growth vehicle will target high-quality industrial properties across the Southeast U.S. The firm expects the fund to have approximately $1 billion in total purchasing power and is seeking $250 million in capital commitments, with a hard cap of $300 million.

In the development pipeline, ANF has been selected as general contractor for Sevilla at Downtown Doral, a residential project by Codina Partners. The two-phase development will deliver 405 new units in the heart of Downtown Doral in Miami-Dade County. Sited at the corner of NW 53rd Street and NW 52nd Terrace, the project spans 4.2 acres and is planned for phased delivery, though specific completion dates were not disclosed. The selection of a full-service construction and development firm positions the project to move from planning into active construction.

Further north, Gateway Jax has introduced Vandeveer as the first residential building within Pearl Square, signaling a return of Downtown living in Jacksonville’s urban core. Located at 515 North Pearl Street, Vandeveer represents the initial opportunity to reside in the emerging nine-block Pearl Square neighborhood. The broader plan calls for new residential options along with dining, parks and public spaces. Preleasing for Vandeveer is scheduled to begin in the near term, with first residential deliveries anticipated in late summer 2026.

Together, these moves highlight a mix of advisory platform growth, industrial capital deployment and residential infill projects that are shaping the next phase of Florida and Southeast commercial real estate activity.

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