TIAA-CREF Appoints Cassidy Turley as Property Manager for 657,602 Square Foot Northern California Industrial Portfolio

SAN FRANCISCO, Aug. 30 /PRNewswire/ -- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it has been selected to provide property management services for TIAA-CREF's Northern California industrial portfolio. The 657,602 square foot portfolio is comprised of three modern, high-image industrial parks as well as a single building, all situated in the East Bay:  the Peppertree Business Center and Corsair Boulevard, both in Hayward, and the Whipple Business Center and adjacent Whipple Commerce Center in Union City.

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"The strength of Cassidy Turley's property management is long-established and is one of the key reasons why we are part of the Cassidy Turley organization," stated Mike Kamm, CEO Cassidy Turley BT Commercial.  "We are actively seeking to expand our property management business and have more than doubled our portfolio in the last two months."

"We are delighted that TIAA-CREF has chosen Cassidy Turley to manage its Northern California industrial portfolio, which is now our largest assignment in the region," commented Marla Maloney, CPM, Cassidy Turley Senior Managing Director.  "Our success in winning this portfolio is a testimonial to our commitment to providing best-in-class services to our investor clients and their tenants.  We look forward to collaborating with TIAA-CREF to maximize the value of its Northern California industrial assets."

The Peppertree Business Center is a four-building 176,750 square foot multi-tenant project located at 30952-30965 San Clemente Street and 30963 San Benito Street. Located at 2809-2829 Whipple Road, the Whipple Business Center is a three-building 76,782 square foot multi-tenant project. The Whipple Commerce Center is a six-building 371,910 square foot multi-tenant project with retail exposure located at 2919-2955 Whipple Road and 30130 Ahern Street.  All three projects provide quick access to Interstate 880, the San Mateo Bridge (Highway 92) and the Dumbarton Bridge (Highway 84) via the Whipple Road interchange. Corsair Boulevard is a 32,160 square foot multi-tenant building in North Hayward.

Marla Maloney, CPM, Senior Managing Director, Principal and Susan Causey, CPM, CSM, Vice President will lead the Cassidy Turley property management team for the portfolio.

Since the start of the year, Cassidy Turley has added more than 27 million square feet of managed property to its portfolio nationwide. Recent wins include a 1.2 million square foot office portfolio from TA Realty, comprised of seven properties in Northern Virginia.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider in the U.S., with 420 million square feet of managed space, 60 offices, 21 national markets, and more than $13 billion in completed transactions for 2009. Outside of North America, Cassidy Turley partners with GVA Grimley, the founder and majority shareholder of GVA Worldwide. Cassidy Turley serves owners, investors and occupiers by offering integrated, tailored solutions across a full spectrum of commercial real estate services including capital markets, corporate services (which supports more than 25,000 locations), project leasing, property management, project and development services, and tenant representation. The firm recently ranked in the Top 10 on the Lipsey Co.'s Commercial Real Estate Top Brands Survey. Please visit www.cassidyturley.com for more information about the company.

Cassidy Turley provides regional real estate services with the combination of two market leaders, Cassidy Turley BT Commercial, in Northern California, and Cassidy Turley CPS, in Silicon Valley.  The dominant market presence includes over 400 professionals and staff in 16 offices locally and recorded over $2.6 billion in transactions in 2009.

SOURCE Cassidy Turley