ST. LOUIS, MO - Colliers Turley Martin Tucker, Cassidy & Pinkard Colliers, Colliers Pinkard, Colliers ABR, BT Commercial in Northern California, BRE Commercial in Southern California, BRE Commercial in Arizona, and Colliers Houston & Co. of New Jersey announced today that they are rebranding as Cassidy Turley. Effective March 1, 2010, they will officially launch the new brand, structure, logo and website. The launch of the new brand is the initial step in communicating the company's comprehensive and enhanced strategy.
"As one of the nation's largest commercial real estate services providers, the Cassidy Turley brand reflects expanding capabilities to service our valued clients nationally," said Mark E. Burkhart, CEO of Cassidy Turley. "Through our deep connections, we deliver local market knowledge with world-class expertise. We are passionate about the success of our clients and our employees and have decided to rebrand as Cassidy Turley to benefit both. By expanding our service offerings, we broaden our business, increase our national geographic footprint and enhance our infrastructure."
Cassidy & Pinkard Colliers, Colliers Turley Martin Tucker, Colliers ABR and Colliers Pinkard merged in August 2008. The three U.S. Western firms joining Cassidy Turley are BT Commercial in Northern California (formerly affiliated with NAI), BRE Commercial in Southern California, and BRE Commercial in Arizona (both formerly affiliated with Grubb & Ellis). This adds 15 new locations in Northern California and 5 new locations in Southern California. Since the additional firms joined the partnership, the number of Cassidy Turley shareholders has grown from 200 to 360.
BT Commercial in Northern California has completed $45 billion in transactions in the company's 28-year history. BRE Commercial in Southern California is one of the leading commercial real estate brokerage firms in Southern California, representing over 40 million square feet of industrial, office and retail properties throughout the area. BRE Commercial in Arizona is one of the largest commercial real estate firms in Arizona.
"We are delighted to have BT Commercial in Northern California and BRE Commercial in Southern California and Phoenix - all dominant players in their respective markets - as part of our team," said Joseph Stettinius, Jr., President of Cassidy Turley. "The positive impact of this skilled and knowledgeable group of professionals joining us at such a pivotal time in the economic cycle will be felt throughout our firm and the industry - we are able to grow substantially in a down market. Our goal in growing is not to get bigger, but to get better by offering more services to our clients and more opportunities for our employees."
"By joining the Cassidy Turley team we feel like we're bringing the best of the best together," said Mike Kamm, CEO, BT Commercial. "We're excited to offer our resources and expertise to this endeavor."
In addition to the new Western firms, Colliers Houston & Co. of New Jersey is also joining and has agreed in principle to merge with Cassidy Turley. Colliers Houston & Co. is one of the oldest industrial and commercial real estate firms in the greater New Jersey area, with three regional offices located in Teaneck, Parsippany and Somerset, New Jersey.
The addition of the four companies - BT Commercial in Northern California, BRE Commercial in Southern California and Arizona, and Colliers Houston & Co., in New Jersey - to the new Cassidy Turley brand, brings enhanced local market knowledge, superior expertise, and service to Cassidy Turley's clients and people. These companies add 24 new locations and 500 new brokers.
Cassidy Turley is strongly focused on the core values of providing exceptional results to clients, dedication to local communities, and firm growth which improves the company and energizes its workplace.
"Our people are more than assets; they are Cassidy Turley," commented Burkhart.
Cassidy Turley's executive leadership team includes Wally Pinkard, Chairman; Mark Burkhart, CEO; Joseph Stettinius, President; John Fleury, COO; Bill Florent, CFO; Bill Collins, Senior Managing Director, Capital Markets; Mark Boisi, Chairman New York; John Frager, President & CEO BRE Commercial San Diego; Bryon Carney, President & Managing Principal BRE Commercial Phoenix; Mike Kamm, CEO, BT Commercial; David Houston, President, Colliers Houston & Co.; and Dean Mueller, Executive Vice President, Investor Services.
In providing clients with integrated, tailored solutions, Cassidy Turley delivers high quality end-to-end commercial real estate services, specializing in Capital Markets; Corporate Services (a division which supports more than 22,000 locations for Fortune 1,000 companies); Landlord and Tenant Representation, Property Management, and Project and Development Services. Cassidy Turley offers first class market research and industry expertise for the following practice groups: Automotive, Food Facilities, Healthcare, Higher Education, Hospitality, Law Firm, Life Sciences, Not-for-Profit and Retail sectors.
"The new brand signifies our cohesion in providing innovative and collaborative commercial real estate solutions for organizations around the country," said Wally Pinkard, Chairman of Cassidy Turley. "Branding as Cassidy Turley allows us to communicate our new strategic priorities and direction in business while servicing our clients and new projects throughout the U.S. with ease."
Cassidy Turley will expand and broaden service offerings to both investors and users and capitalize on market-driven businesses such as Distressed Assets, allowing the company to remain competitive in today's marketplace.
William Collins, Senior Managing Director, Capital Markets for Cassidy Turley commented, "Our Capital Markets platform fully supports our clients' financing, capital and investment needs. We look forward to further expanding these services nationally with the strength behind our new brand and the vision of our company."
"We are all united by a coordinated business strategy, a single brand, shared vision and values, and a strong commitment to Cassidy Turley associates," added Burkhart.
Cassidy Turley is one of the nation's largest commercial real estate service firms in the U.S., with 420 million square feet of managed space in 57 locations and $15 billion in completed transactions for 2008. Cassidy Turley is a privately held firm owned by its 360 shareholders created from the August 2008 merger of 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 in Northern California (formerly affiliated with NAI), BRE Commercial in Southern California and Phoenix (both formerly affiliated with Grubb & Ellis) and Colliers Houston & Co. of New Jersey. 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.
Source: Cassidy Turley