Capstar(ry) Merger

CAPSTAR Commercial Real Estate Services has joined Cassidy Turley as part of the firm’s growth plan into two new markets: Dallas and Houston, says Cassidy Turley CEO Mark Burkhart.
 
Yesterday, we spoke with CAPSTAR principal Bret Bunnett(pictured) who tells us Cassidy Turley’s MO made the partnership appealing. Often sharing clients, Bret says merging creates opportunities to expand geographically and expand service offerings by leveraging Cassidy Turley’s capital markets, tenant rep, and corporate services platforms. Founded in 2000, CAPSTAR has five principals who are founding members: Bret, Johnny Johnson,John PattersonTrey Smith, and Chris Taylor. They will remain responsible for developing the company’s Texas business. CAPSTAR will be formally known as Cassidy Turley and transition to the new name by Feb. 15. In 2010, Cassidy Turley enhanced its global service delivery through its partnership with GVA Grimley. Its Dallas and Houston operations now include more than 100 professionals and staff and completed more than 3M SF of transactions in 2010. The firm has a 14.5M SF management andleasing portfolio comprised of primarily Class-A office space.

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