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Cushman & Wakefield Fires Peter Hennessy, Former DTZ Tri-State President

Cushman & Wakefield's office at 1290 Sixth Ave.

Cushman & Wakefield has fired Executive Vice Chairman Peter Hennessy, the company announced in an internal memo Thursday. The reasons for the firing were not made clear.

“At Cushman & Wakefield, we believe in working collaboratively, displaying high ethical behavior and treating fellow employees and clients with the utmost respect,” Tri-State President John Santora said in the notice, Commercial Observer reports. “It is those qualities that have guided the firm through its first 100 years, and we’re confident that those qualities will serve us well into the future.”

A Cushman & Wakefield spokesperson confirmed that Hennessy had been terminated from his position but declined to provide further comment.

Hennessy was previously the president of the New York Tri-State region for DTZ. He has also been the Tri-State president of Cassidy Turley, which DTZ acquired in 2015.