News Summary
Cushman & Wakefield has appointed Kevin Lott as the new managing principal for the Tampa Bay region. Lott will lead a team of 250 associates and focus on enhancing client services, recruiting talent, and solidifying the firm’s market presence. With over two decades of real estate experience, he aims to drive growth in the Tampa Bay area, which continues to thrive in commercial real estate and community engagement.
Tampa, Florida
Cushman & Wakefield has announced the appointment of Kevin Lott as the new managing principal for the Tampa Bay region. In this role, Lott will supervise a team of 250 associates and spearhead the firm’s growth strategy to enhance its presence in the market.
Lott’s key responsibilities will include improving client services, recruiting and developing top-tier talent, and solidifying Cushman & Wakefield’s footprint in the Tampa Bay area. His extensive experience in the real estate industry spans two decades and encompasses a variety of leadership positions.
Career Background
Lott began his career as an associate at Cushman & Wakefield, where he graduated from Wake Forest University. Over the years, he has held significant leadership roles at companies such as Colonial Properties Trust, JLL, Bridge Investment Group, and Trimont. At Trimont, he notably served as the managing director of equity asset management.
Cushman & Wakefield Overview
Cushman & Wakefield operates as a global commercial real estate services firm with approximately 52,000 employees in nearly 400 offices situated across 60 countries. In 2024, the firm reported revenues of $9.4 billion.
Market Developments
In relation to the Tampa Bay commercial real estate sector, Cushman & Wakefield recently facilitated the sale of Parc Place Villas, a 300-unit apartment community, for $41.25 million. The property was 95 percent leased at the time of the sale and is projected to generate an additional $1.3 million in revenue following the implementation of a value-add program.
In other regional news, Ally Capital Group purchased the Urban Centre for $123 million, a transaction that included two properties with a total of 540,498 square feet. At the time of sale, the project was 88 percent leased, earning the 2024 CoStar Impact Award for sale of the year.
Meanwhile, real estate firm JLL has made recent hires to enhance its office tenant representation team in Tampa, appointing Bill Reeves as managing director and Doug Waechter as senior associate.
Community Events and Recognitions
In a separate community development, a new short-form documentary highlighting unsung heroes in Tampa’s recovery from hurricanes Helene and Milton is set to debut at the Tampa Theatre on June 16. The documentary aims to recognize local efforts in overcoming challenges posed by these natural disasters.
Additionally, Hubbard’s Marina, a family-owned business, has been recognized as the number one fishing charter in the U.S. by USA Today’s 10Best Readers’ Choice Awards for the fourth consecutive time. This accolade underscores the rich fishing culture and economic contributions of the region.
New Developments in Retail and Banking
In retail developments, Hooters Inc. and Hoot Owl Restaurants are approaching the finalization of a deal to acquire over 100 Hooters of America-owned restaurants. Furthermore, Brazilian brand Uultis is set to open its first Tampa Bay showroom this summer in partnership with Annabelle’s Fine Furniture & Interior Design.
In the banking sector, Fifth Third Bank has appointed Scott Daigle as the new North Florida regional president, signaling a shift in leadership following Cary Putrino’s transition to a different role.
The Tampa Bay area remains a dynamic hub for commercial real estate development and community engagement, with various organizations and businesses contributing to the region’s growth and resilience.
Deeper Dive: News & Info About This Topic
HERE Resources
NVGTN Completes $22.5 Million Sale-Leaseback Transaction
Additional Resources
- TBB Business Magazine: Kevin Lott Managing Principal Cushman & Wakefield
- CoStar: Sale of Urban Centre Shows Investor Interest
- YieldPro: Cushman & Wakefield Arranges $41.25 Million Sale
- Cushman & Wakefield: Careers
- Business Observer: Mike Davis Vice Chair Cushman & Wakefield
- Wikipedia: Tampa Bay
- Google Search: Tampa real estate
- Google Scholar: real estate Tampa
- Encyclopedia Britannica: Tampa
- Google News: Tampa commercial real estate
Author: STAFF HERE TAMPA WRITER
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