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1/5/2010
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BT Commercial Joins Forces with Other Leading Private Commercial Real Estate Firms to Become Cassidy Turley
BT Commercial Joins Forces with Other Leading Private Commercial Real Estate Firms to Become Cassidy Turley
Best in Class Private Firms from Colliers, Grubb & Ellis and NAI Announce New Partnership. New Brand Set to Launch March 1, 2010
San Francisco - Jan. 5, 2010 – Four former Colliers companies (Turley Martin Tucker, Cassidy & Pinkard, Pinkard, and ABR) announced they will be consolidating their ranks to create the newly formed company of Cassidy Turley. The new commercial real estate powerhouse will include two former Grubb & Ellis affiliates (BRE Commercial San Diego, and BRE Commercial Phoenix), a former NAI affiliate (BT Commercial in San Francisco), and one additional Colliers company (Houston & Co. of New Jersey).
Cassidy Turley will combine Turley’s heritage of more than 100 years of commercial real estate service in the Midwest, with the East Coast brand equity and recognition of Cassidy. By including BT Commercial and the two BRE Commercial companies on the West Coast, Cassidy Turley will immediately have a national presence to rival any commercial real estate services firm in the U.S. Upon this announcement, Cassidy Turley ranks as one of the nation’s largest firms, with 420 million square feet of managed space, in 57 locations, and $15 billion in completed transactions for 2008.
“Branding our companies as Cassidy Turley not only reinforces our unity as a singular company, and connects us together with a legacy we are proud of but it also reflects our expanding capabilities,” said Wally Pinkard, Chairman of Cassidy Turley. “We’re all united by a single brand, a coordinated business strategy, and a shared vision of the future.”
“The creation of this new brand and firm offers us the best opportunity to provide innovative, collaborative real estate solutions for our clients nationwide,” added Mark Burkhart, CEO of Cassidy Turley. “By expanding the company’s service offerings, we broaden our business, increase our geographic footprint, and enhance the company’s infrastructure.”
The addition of BT Commercial San Francisco, BRE Commercial San Diego, and BRE Commercial Phoenix will add 21 new locations and 449 new brokers to the Cassidy Turley organization.
“Our ultimate goal in growing is not to get bigger, but to get better,” said Joe Stettinius Jr., President of Cassidy Turley. “The inclusion of these three companies allows us to provide additional services to our clients, and more opportunities for our employees. All of these firms are the dominant players in their respective markets.”
BT Commercial San Francisco has over 15 offices and 350 professionals in Northern California and has completed $45 billion in transactions in the company’s 28 year history. BRE Commercial San Diego is one of the leading privately held commercial real estate firms in Southern California, representing over 40 million square feet of industrial, office, and retail properties. BRE Commercial Phoenix is the largest privately owned commercial brokerage firm in Arizona, representing over 600 million square feet of land and commercial properties.
“By joining the Cassidy Turley team we feel like we’re bringing the best of the best together,” said Mike Kamm, CEO, BT Commercial San Francisco. “We’re excited to offer our resources and expertise to this endeavor.” “By coming together as Cassidy Turley, we can bring our unified resources, experience, and commitment to help better service our clients, our communities, and any number of new opportunities nationwide,” added Pinkard.
In addition to the new partners on the West Coast, Cassidy Turley has merged with former Colliers’ company, Houston & Co. of New Jersey – one of the oldest industrial and commercial real estate firms in the greater New Jersey Area, adding their three regional offices in Teaneck, Parsippany, and Somerset, New Jersey. “Through our deep connections, unified brand, and expanded capabilities, Cassidy Turley will be able to deliver local market knowledge and world-class expertise, to our much valued clients,” added Burkhart.
Cassidy Turley provides high quality, end-to-end commercial real estate services, specializing in Capital Markets, Landlord and Tenant Representation, Property and Project Management, and Corporate Services, boasting a division that supports more than 22,000 locations for Fortune 1000 companies. Cassidy Turley also offers first class market research, integrated, tailored solutions, and an industry expertise which spans several practice groups, including: Automotive, Food Facilities, Healthcare, Higher Education, Hospitality, Law Firm, Life Sciences, and Not-for-Profit sectors.
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