From the Wires
CLW Real Estate Services Group Joins Cassidy Turley
Addition Bolsters Cassidy Turley's National Tenant Rep and Corporate Services Capabilities
By: PR Newswire
Jan. 2, 2013 02:00 PM
WASHINGTON, Jan. 2, 2013 /PRNewswire/ -- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Tampa, Florida-based CLW Real Estate Services Group has joined the firm and will operate as Cassidy Turley.
The new merger expands Cassidy Turley's national tenant representation and corporate services capabilities by adding a team of industry veterans who average more than 20 years of experience in commercial real estate.While CLW was consistently one of the top commercial real estate services firms in the Tampa Bay market and one of the largest privately held services firms regionally, 60% of its brokerage business is derived from office and industrial tenant representation and corporate services activity outside of Florida and across the U.S. CLW also brings its Project Leasing, Property Management, Project Management and Seniors Housing services to Cassidy Turley.
"From the beginning, we've focused on the addition of top talent that blends seamlessly with our culture," said Joe Stettinius, Chief Executive Officer of Cassidy Turley. "With CLW, not only do we achieve that, but we also bolster our efforts to expand tenant representation and corporate services and address clients' needs across multiple markets. This truly is a combination of like-minded firms wholly focused on delivering exceptional service and advice. That combination is a key component to our continued robust growth."
With the merger, CLW Principals Doug Rothschild and Lou Varsames will serve as Executive Managing Directors. Cassidy Turley's Tampa office will combine with CLW's existing operations, which include over 20 brokerage professionals and approximately 100 total employees.
"We've achieved the best of both worlds by joining Cassidy Turley," Mr. Varsames said. "Our partnership vastly enhances the resources and opportunities available to our team and enhances our ability to best serve clients. At the same time, we're enabled and encouraged to maintain the entrepreneurial culture and operational focus that helped us build such a successful company in the first place while combining with a culture and strategic vision that's a perfect fit for us."
CLW expands Cassidy Turley's Florida presence by adding offices in Orlando and Jacksonville and brings an extensive list of national corporate clients.
"Our match with Cassidy Turley works because of our shared focus on client services and providing each client with a tailored approach to their needs," Mr. Rothschild said. "We've had similar discussions with potential suitors over the past decade, but our shared commitment and approach in combination with a flexible operational platform brought us together with Cassidy Turley. We don't necessarily want to be the biggest commercial real estate services firm but the best, as measured by our responsiveness to clients and their needs."
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