Financial terms of the partnership were not disclosed in a news release. Sage Partners will remain under its same leadership structure and ownership.
Cushman & Wakefield, a publicly traded real estate services firm with New York, Chicago, London and Singapore, uses its alliance program to expand the client services and geographic reach of its partner firms, according to a news release.
“We are proud of what we have built with our clients in Arkansas, and this alliance with Cushman & Wakefield gives us access to a vast network of resources that will sustain our commitment to and success in Arkansas,” Sage Partners CEO Brian Shaw said in a statement.
The alliance program is a fully integrated extension of Cushman & Wakefield’s global platform, consisting of selected independently owned firms. Cushman & Wakefield, which generated nearly $7 billion in revenue in 2017, has 33 alliance partners in 60 offices throughout the Americas.
“Sage Partners exemplifies our unwavering dedication to exceeding client expectations and is an ideal addition to our alliance program,” Cushman & Wakefield COO-Americas Rick Cenkus said in a news release. “With Sage, we are better positioned in Arkansas, a significant Fortune 500 hub, to further create value for clients through deep local insight.”
Founded in 2005, Sage Partners employs 17 brokers and over 45 other professionals with offices in Rogers, Bentonville and Little Rock. The company’s sales transactions totaled nearly $300 million in the past year, with 1.3 million square feet sold and 2.5 million square feet leased. Sage also manages more than 4.5 million square feet across Arkansas.