{"id":1004036222,"date":"2012-02-03T06:05:55","date_gmt":"2012-02-03T14:05:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004036222"},"modified":"2022-12-05T18:12:28","modified_gmt":"2022-12-06T02:12:28","slug":"cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\/","title":{"rendered":"Cassidy Turley Awarded 2.5 MSF Management Contract for Texas Office Properties"},"content":{"rendered":"

February 3, 2012<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n

\"\"<\/a>

Fountain Place in Dallas<\/p><\/div><\/p>\n

Building on its \u201clongstanding relationship with J.P. Morgan,\u201d services firm Cassidy Turley has just landed a contract to lease and manage 2.5 million square feet of office space owned by the banking firm\u2019s institutional investors. The assignment will span two properties: Dallas\u2019 1.2 million-square-foot, 60-story Fountain Place and Houston\u2019s three-building, 1.3 million-square-foot Post Oak Central. J.P. Morgan Asset Management awarded the contract to Cassidy after a bidding process that was opened up to a number of firms, but signed the final arrangement within 60 days, Commercial Property Executive <\/em>has learned.<\/p>\n

\u201cAs a firm, we work with J.P. Morgan on multiple accounts,\u201d Bret Bunnett, regional managing principal with Cassidy, told CPE<\/em>. \u201cAnd we are expanding our relationship with J.P. Morgan in a significant way with these two assignments.\u201d<\/p>\n

Fountain Place, at 720 feet, is the fifth-tallest building in Dallas. Its current tenant roll includes Hunton & Williams, L.L.P.,\u00a0Wells Fargo Bank, and Tenet Healthcare Corp. According to Bunnett, the property is 90 percent leased. Post Oak Central, which is 94 percent leased, houses Apache Corporation \u2013 which signed a nearly 600,000-square-foot lease renewal and extension earlier this week \u2013 Suez Energy North America Inc., Stewart Title and and Cox Radio.<\/p>\n

Texas, as a whole, has fared well during the economic downturn of the last few years. According to a fourth-quarter report by services firm Marcus & Millichap Real Estate Services Inc., Houston will lead the nation in job growth in 2012, with employers adding 87,000 jobs for a 3.4 percent increase in employment levels. \u201cHouston [led] the nation in hiring through the first three quarters [of 2011],\u201d the report noted, \u201cfollowed by nearby Dallas\/Fort Worth.\u201d<\/p>\n

\u201cWe expect these buildings will continue their history of success,\u201d Bunnett said. \u201cWe\u2019re poised to take Fountain Place to at lease 96 percent [occupancy] and Post Oak all the way to 100.\u201d<\/p>\n

This contract brings Cassidy Turley\u2019s Texas office management holdings to approximately 22 million square feet in Dallas and Houston alone.<\/p>\n","protected":false},"excerpt":{"rendered":"

Building on its \u201clongstanding relationship with J.P. Morgan,\u201d services firm Cassidy Turley has just landed a contract to lease and manage 2.5 million square feet of office space at Dallas’ Fountain Place and Houston’s Post Oak Central. <\/p>\n","protected":false},"author":1201,"featured_media":1004038767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21781,21742,21747,21785],"tags":[],"class_list":["post-1004036222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-corporate-real-estate","category-latest","category-office","category-property-management"],"acf":[],"yoast_head":"\nCassidy Turley Awarded 2.5 MSF Management Contract for Texas Office Properties - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cassidy Turley Awarded 2.5 MSF Management Contract for Texas Office Properties\" \/>\n<meta property=\"og:description\" content=\"Building on its \u201clongstanding relationship with J.P. Morgan,\u201d services firm Cassidy Turley has just landed a contract to lease and manage 2.5 million square feet of office space at Dallas' Fountain Place and Houston's Post Oak Central.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-03T14:05:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T02:12:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/020312-Fountain-Place_Hero-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Cassidy Turley Awarded 2.5 MSF Management Contract for Texas Office Properties\",\"datePublished\":\"2012-02-03T14:05:55+00:00\",\"dateModified\":\"2022-12-06T02:12:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\\\/\"},\"wordCount\":349,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/02\\\/020312-Fountain-Place_Hero-2.jpg\",\"articleSection\":[\"Brokerage\",\"Corporate Real Estate\",\"News\",\"Office\",\"Property Management\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\\\/\",\"name\":\"Cassidy Turley Awarded 2.5 MSF Management Contract for Texas Office Properties - 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