ATLANTA – Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced it brokered the lease of approximately 12,000 square feet at Two Ravinia Drive in Atlanta for Vela Insurance Services, LLC, a leading commercial lines casualty insurance company.
Vela locked in a 126-month lease term at the Class-A office building, part of the Ravinia office park that is located at the northeast corner of Ashford Dunwoody Road and I-285. The location in the sought-after Central Perimeter submarket provides easy access to all of Atlanta’s business areas.
Cassidy Turley’s Dale Lewis represented Vela in the deal and worked closely with Candy McIntyre of Parkway Realty, representing the landlord.
Vela is owned by W. R. Berkley Corp., a Fortune 500 financial services company focused on property and casualty insurance. W.R. Berkley also owns Berkley Specialty Underwriting Managers, which Cassidy Turley represented in previous transactions totaling approximately 24,000 square feet at Two Ravinia and Three Ravinia.
“We were delighted to have the opportunity to work with Vela and our friends at W. R. Berkley Corp., again on this transaction,” said Lewis, Senior Vice President and Principal at Cassidy Turley. “The Berkley companies are very sophisticated in their approach and process and understand how to leverage the market.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 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 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 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, andresearch 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.