IndCor Awards Cassidy Turley 6.7M SF Industrial Assignment

New Assignment Brings Cassidy Turley’s IndCor Portfolio to 20M SF

SAN FRANCISCO – July 25, 2013 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Chicago-based IndCor Properties Inc. has awarded the firm with additional property management responsibilities for 6.7 million square feet of Northern California industrial space.

The new assignment brings Cassidy Turley’s IndCor portfolio to approximately 20 million square feet. The 6.7 million-square-foot Northern California portfolio is comprised of a total of 129 buildings located in the Silicon Valley, East Bay and Sacramento regions. The properties consist of multi-tenant distribution facilities and business parks and are currently leased to over 522 tenants. The campuses range in size from 130,000 to 500,000 square feet.
Mike Krivonak, Cassidy Turley Managing Director and National Account leader of its IndCor team said, “At every opportunity, we seek to expand relationships with exceptional clients like IndCor. The new West Coast assignment validates and underscores our efforts to provide tailored, innovative services through a national platform to each of our clients.”

Jim Arce, Senior Managing Director at Cassidy Turley and leader of the Bay Area property management team, said, “The area surrounding the San Francisco Bay is one of the leading logistics hubs in the U.S., if not the world, so building strategic partnerships with leading industrial owners such as IndCor is one of our highest priorities.”
Mr. Krivonak is joined by an experienced, dedicated team of professionals in providing local leadership for Cassidy Turley’s IndCor portfolio. Lisa Hooton, Associate Vice President, will oversee the local management team. Hooton will also lead the management team in Silicon Valley, with support from assistant property manager Robert Aubrey. Sharon Finch, Senior Property Manager, and Starr Bryant, Property Manager will be responsible for the management of the East Bay properties. They will be supported by assistant property managers and administrators Jennifer Nielsen and Zack Anderson. Susan Griffin, Senior Property Manager, will head management of the Sacramento properties, with assistance from assistant property manager Taylor Waterman.

About IndCor Properties
IndCor Properties, Inc. (IndCor) is one of the premier real estate companies in the United States focusing on the ownership and management of industrial properties. As a comprehensive real estate operator, IndCor currently owns and manages over 86 million square feet located in 40 key logistics markets in 24 states. IndCor is headquartered in Chicago, Illinois with regional offices located in Denver, Colorado and Doylestown, Pennsylvania.
IndCor was formed in 2010 as a portfolio company of The Blackstone Group (NYSE: BX), a leading global investment and advisory firm.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants 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. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets.

West Coast Commercial Real Estate News