ST. LOUIS, Sept. 12, 2011 /PRNewswire/ -- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that the company ranked third in Real Estate Alert's mid-year 2011 Top Office Brokers rankings. Cassidy Turley's growth in capital markets increased the firm's ranking in 2011. For the first six months in 2011, Cassidy Turley had $1.8 billion of office sales activity. For the full year in 2010, Real Estate Alert ranked Cassidy Turley sixth with $1.2 billion in office sales activity.
The rankings are based on office sales of at least $25 million collected by Real Estate Alert from commercial real estate firms operating throughout the U.S.
"Cassidy Turley's investment sales business in the first six months of this year has already exceeded total transaction volume for 2010," said William M. Collins, Executive Managing Director, Principal at Cassidy Turley. "This growth is being driven by a wide range of domestic and foreign investors including life companies, public and private REITs, investment funds, pension fund advisors and wealthy individuals."
Contributing to Cassidy Turley's growth in 2011 were several benchmark sales in Washington, DC, including the National Press Building which contained approximately 420,000 square feet of office and retail space and sold for $167.5 million. Other recent transactions contributing to the firm's improved ranking include the sale of an approximately 1 million square foot office portfolio owned by Duke Realty Corporation–consisting of two Cincinnati Class A central business district buildings and three Nashville Class A suburban buildings–for $97 million.
For the third quarter 2011, Cassidy Turley is projected to close nine deals, totaling more than $1 billion in sales transactions and 5.7 million square feet.
A copy of Real Estate Alert's Top Office Brokers rankings is available on Cassidy Turley's website and can be viewed here.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,300 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.
SOURCE Cassidy Turley