St. Louis-based Commercial Real Estate Company Adds CAPSTAR

January 13, 2011 / Albert Hamon, Mergers and Acquisitions Reporter

St Louis-based commercial real estate company, Cassidy Turley expands it presence in Northern Texas, particularly in Houston and Dallas area. The expansion is by the addition of a new real estate firm— the Dallas-based CAPSTAR, which will be renamed Cassidy Turley effective on February 15, 2011, Saturday.

St. Louis-based Commercial Real Estate Company Adds CAPSTAR

The St. Louis-based commercial real estate company will boost its current workers to more than 2,800 employees to its brand name from the transaction, and CAPSTAR’s five founding officials will remain in their position including— Chris Taylor, Trey Smith, John Patterson, Johnny Johnson, and Bret Bunnett.

The commercial real estate company’s Houston and Dallas operation will now have over 100 staffs and professionals, which also completed about 3 million square feet of real estate transactions last year.

And, with a 14.5 million square feet leasing and management properties, the commercial real estate company’s portfolio in the region comprised of mainly Class A office spaces.

According to the CEO of Cassidy Turley, Mark Burkhart, the recent addition to its commercial real estate company is a major component needed for its strategic growth plan, which will allow the company to offer the full capacity of their services within two important markets— Dallas and Houston.

And, according to CAPSTAR president Bret Bunnett, after joining Cassidy Turley, regional firms like his real estate firm will provide national platform for local businesses.

The union with Cassidy Turley gives CAPSTAR the ability to expand its services and geographic reach to its clients, added Bunnett.

CAPSTAR and Cassidy Turley have previously shared several top investor clients.

The commercial real estate company, Cassidy Turley was created in March 2010 by numerous real estate firms.

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