Washington, DC – March 16, 2010 – Cassidy Turley, one of the largest commercial real estate services providers in the U.S., announced today that it has been selected by Ponte Gadea Group, a Spanish real estate investment company, to provide property management services for 1445 New York Avenue, NW, the historic Sun Trust Bank Building near the White House. William A. Grillo, CPM, RPA and Benjamin A. Comm, CPM of Cassidy Turley will oversee property management for the building.
Mr. Grillo, Managing Director of Property Management, commented, “We are very pleased that Ponte Gadea has chosen us to provide property management services for this landmark building. We look forward to working with our new client to provide best-in-class services for the tenants.”
This prestigious 125-year-old, 158,000 square foot building is situated directly across the street from the US Treasury and within sight of the White House. Its five-story main structure was built in 1888 and a nine-story addition was completed in 1916. The building served as headquarters for National Savings & Trust Company for more than 80 years until SunTrust acquired one of National Savings’ successors, Crestar Financial, in 1985. Ponte Gadea purchased the property in November 2007.
About Cassidy Turley
Cassidy Turley is one of the largest commercial real estate services providers in the U.S., with 420 million square feet of managed space in 57 locations and $16 billion in completed transactions for 2008. The firms comprising Cassidy Turley include Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker in the Midwest, Colliers ABR in New York City and Colliers Pinkard in Baltimore, Charlotte and Raleigh, along with the addition of BT Commercial and CPS in Northern California (formerly affiliated with NAI and CORFAC, respectively), BRE Commercial in Southern California and Phoenix (both formerly affiliated with Grubb & Ellis) and Colliers Houston & Co. of New Jersey. Collectively, the Cassidy Turley firms have over 360 shareholders. Through its team of experienced service professionals, Cassidy Turley focuses on the needs of its clients, offering end-to-end services delivered across a full spectrum of commercial real estate including Capital Markets, Corporate Services (which supports more than 22,000 locations), Landlord and Tenant Representation and Property and Project Management. The firm also offers specialty services and industry focused practice groups as well as first class market research. In addition, Cassidy Turley is a leader in assisting clients to create more sustainable workplace environments. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey. Please visit www.cassidyturley.com for more information about the company.
Maureen Wheeler 202.463.1138