Cassidy Turley Awarded Management and Leasing for 2.5 Million SF Class A Dallas and Houston Office Building Portfolio Firm Expands Relationship with J.P. Morgan; Adding Trophy Assets to Leasing and Management Portfolios in Dallas and Houston
DALLAS, Feb. 1, 2012 /PRNewswire/ -- Cassidy Turley, a leading commercial real estate services provider in the U.S., was selected by J.P. Morgan Asset Management, acting on behalf of institutional investors it advises, to lease and manage two premier properties in Texas: Fountain Place in Dallas and Post Oak Central in Houston. Fountain Place is a 1.2 million square foot, iconic 60-story, trophy office tower prominently located in Dallas's Central Business District, intersecting with the West End, Uptown and Arts Districts. Post Oak Central—three, 24-story office buildings totaling 1.3 million square feet (SF)—is located in the heart of Houston's Galleria submarket and is one of Houston's most successful class A office developments. Cassidy Turley will take over responsibilities for both properties in February 2012.
"Cassidy Turley is expanding its relationship with J.P. Morgan in a significant way with these two assignments," said Bret Bunnett, Regional Managing Principal, Cassidy Turley. "Fountain Place and Post Oak Central are two of the most recognizable assets on the Dallas and Houston skylines."
Fountain Place's ideal location, onsite and area amenities, including the award-winning Fountain Plaza, nearby restaurants, entertainment, the new Woodall Rodgers Park and public transportation, creates a strong sense of community in the area. Current tenants include many of Dallas' most reputable law, financial and services/consulting firms, including: Hunton & Williams, L.L.P., Wells Fargo Bank, and Tenet Healthcare Corporation.
Post Oak Central boasts panoramic views of the Galleria market and the Memorial and Tanglewood residential areas. The property's onsite amenities include a fitness center, daycare, restaurants, banking and is an easy walk to numerous other restaurants and hotels. Further, Post Oak Central houses impressive tenants such as Apache Corporation, Suez Energy North America, Inc., Stewart Title, and Cox Radio.
"Fountain Place and Post Oak Central are both architecturally stunning – designed by renowned architects I.M. Pei and Philip Johnson, respectively," added Mr. Bunnett. "These trophy properties are sought-after business locations in their respective markets and we look forward to upholding their reputations and extending their legacy of success."
The addition of these two flagship assignments brings Cassidy Turley's Texas office portfolio to approximately 22 million SF in Dallas and Houston.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 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 $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 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.
About J.P. Morgan
J.P. Morgan Asset Management – Global Real Assets has approximately $57.5 billion in assets under management and 405 professionals in the U.S., Europe and Asia, as of September 30, 2011. With a 40-plus-year history of successful investing, J.P. Morgan Asset Management – Global Real Assets' broad capabilities provide many of the world's most sophisticated investors with a global platform of real estate, infrastructure, maritime/transport and energy strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions.
SOURCE Cassidy Turley