Charlotte and Raleigh, N.C. – August 23, 2011 – Cassidy Turley, a leading national commercial real estate services firm in the US, today announced that the company has been chosen to lease and manage a portfolio of suburban office buildings in Charlotte and Raleigh owned in a joint venture between Madison International Realty and The Lichtin Corporation. The Charlotte properties include five buildings or 420,000 SF in the Toringdon office park located in Ballantyne. The Raleigh assets, Palisades I & II on Trinity Road, total 160,000 SF.
“This is an important win for Cassidy Turley,” said Steve Gassaway, Regional Managing Principal for Cassidy Turley in the Carolinas since May of this year. “The joint effort between our Charlotte and Raleigh offices, with a strong assist from our Transition and Accounting Management colleagues in St. Louis, showcased our full service capabilities and ultimately delivered the winning formula.”
The scope of services includes leasing as well as property, project and asset management. The Charlotte leasing team for Toringdon includes David Dorsch, Mike Kemmet and Joe Franco. The Raleigh team for Palisades I & II is John Kelly and Brian Carr.
“Our main goal is to help the owner maximize the value of this portfolio,” said Michael Daly, a Charlotte-based Senior Vice President at Cassidy Turley, who will serve as point person for the multi-city effort. “We’re looking forward to making an immediate impact.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,200 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.