WASHINGTON, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it has been selected by Lone Star Funds to provide property management services for a recently acquired 541,000 square foot, six building portfolio in Washington, D.C. and Northern Virginia. Cassidy Turley’s William Grillo, Senior Managing Director, Benjamin Comm, Managing Director, Dianne Twinam, Senior Vice President and Thomas Updike, Senior Vice President, will oversee the management of the portfolio.
“We are delighted that Lone Star Funds has chosen Cassidy Turley to handle the property management for its DC region portfolio,” commented Mr. Grillo. “This assignment is an expansion of our relationship with Lone Star Funds and our first in the DC Metro market. We look forward to working with them to maximize the potential of these properties.”
The properties in this portfolio include:
• 1401 New York Avenue is a 190,600 square foot building located in the Central Business District submarket of Washington, D.C., which Lone Star Funds plans to significantly renovate and reposition
• Three Dulles Tech Center, 13650 Dulles Technology Drive, and Four Dulles Tech Center, 13600 Dulles Technology Drive, are both located in Herndon submarket of Virginia totaling over 226,000 square feet.
• Loudoun Tech Center located at 21660, 21670 and 21680 Ridgetop Circle, Sterling, Virginia, is a three building portfolio totaling 124,800 square feet.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 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 $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants 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. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.