Global real estate services firm Cushman & Wakefield PLC bought Peloton Commercial Real Estate LP's operations in Austin, Texas.

The real estate brokerage and property and project management firm's portfolio of leased and managed properties includes 5 million square feet of office, industrial, retail and mixed-use property in Greater Austin.

Cushman said the acquisition will add 40 Peloton employees in Austin to the firm. This includes Peloton's partners Kevin Granger, Brian Liverman and Matt Frizzell.