NEW YORK, January 26, 2017 – Cushman & Wakefield announced today the global real estate services firm has been selected to advise Pfizer on its global headquarters relocation, along with the sale of its current head office space at 235 and 219 East 42nd Street.

Pfizer, one of the world’s premier innovative biopharmaceutical companies, decided to sell the properties on 42nd Street in favor of a new headquarters more reflective of its culture of collaboration and innovation with best-in-class technology to support its workforce.

“Cushman & Wakefield provides the partnership, experience and expertise to execute on Pfizer’s vision for their workplace,” said Josh Kuriloff, Executive Vice Chairman with Cushman & Wakefield and lead on the Pfizer account team. “A transaction with this complexity requires innovative thinking and a strong team to convert ideas into action.”

In addition to Kuriloff, representing Pfizer from Cushman & Wakefield are: Adam Spies, Chairman Capital Markets; Doug Harmon, Chairman Capital Markets; Debra Moritz, Executive Managing Director, Global Business Consulting; Peyton Horn, Managing Director, Corporate Finance & Investment Banking; with executive oversight by John Santora, President, Tri-State Region. Warren Braverman, Senior Managing Director, will work as the relationship manager for the account.

235 East 42nd and 219 East 42nd Street represent in excess of 1M rsf of prime New York real estate. It is Pfizer’s intent to sell both assets and relocate its world headquarters to a modern workspace in Manhattan.

“There is nothing more strategic, complex, or difficult in real estate than a headquarters decision,” said Moritz. “A holistic, integrated solution allows progressive clients to drive cultural transformation – attracting and retaining the best talent. This creates a new way of looking at real estate – from a facility to a key performance enabler.”

“We are extremely proud to represent Pfizer, a global leader in their industry,” said Santora. “When an assignment of this complexity and scale comes along, it gives us an opportunity to demonstrate the value in our full platform.”

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.