Mitchell and Rice to Offer Auto Dealership Capital Services
Cushman & Wakefield announced today that it has added James Mitchell and Erin Rice to its Automotive Advisory Group. The pair will provide dealership capital services involving buy/sell transactions, financing solutions and dealership real estate.
“We work with dozens of automotive industry clients around the world, including major brand names,” says Jeff Green, Managing Director and leader of the firm’s Automotive Advisory Group. “Our offering is unique because we can assist manufacturers and their suppliers along the entire supply chain, from production to point of sale. Erin and James bring their extensive expertise in retail automotive to that business, and we believe it nicely rounds out our services and will provide immediate value to many of our clients.”
“At Cushman & Wakefield, we take tremendous pride in ensuring best-in-class service for our clients – and bringing the right talent to the table is core to delivering on that promise,” said Peter Carroccio, Managing Principal of Cushman & Wakefield’s Washington, DC region. “James and Erin are tremendous assets to our firm, and we are delighted to have them join our team based here in DC.”
James Mitchell, Executive Managing Director, has worked in the automotive industry for more than 20 years. He has provided buy/sell and real estate services to public and private dealers representing the top 125 groups in the United States, including Sonic Automotive and Lithia. Additionally, he has represented OEM clients including Chrysler, Nissan, Ford and Volkswagen. Mitchell has completed nearly $500 million in transactions in the past six years. He joins the firm from CBRE where he was Senior Vice President. Mitchell holds a bachelor’s degree in Economics from Trinity College-Hartford.
Erin Rice, Vice President, also joins the firm from CBRE, where she was responsible for negotiating buy/sell transactions, finance structuring and creative real estate solutions. Prior to CBRE, Rice was a Portfolio Manager/AVP at Capital Automotive REIT, where she managed a client portfolio valued at approximately $1.3 billion. A graduate of the University of Wisconsin-Madison, Rice brings over 12 years of automotive real estate experience to the firm.
About Cushman & Wakefield’s Automotive Advisory Group
Cushman & Wakefield’s Automotive Advisory Group is a select group of the industry’s most experienced and accomplished real estate and business advisors to auto manufacturers, suppliers, investors, distributors and retailers. Our professionals are leaders in leasing, purchasing, valuing, and selling automotive-use properties. Our collaborative approach and diverse expertise enables us to assist companies along the entire supply chain, from production to point of sale. Our mission is to deeply understand and address the unique challenges of the automotive sector from labor issues, logistics, infrastructure, credits and incentives, in addition to the unique features and marketability of the real estate itself.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com
