Cassidy Turley takes over NJ leasing assignment

1.1 million-square-foot deal represents part of broad strategic alliance with Normandy

TRD NEW YORK /
Apr.April 18, 2012 06:00 PM

Normandy Real Estate Partners, a Morristown, N.J.-based private equity firm, said that Cassidy Turley will take over leasing for 1.1 million square feet of its New Jersey commercial real estate portfolio as part of a broad strategic alliance between the two firms. As part of the deal, Raymond Trevisan, a principal at Normandy, will join Cassidy Turley as managing principal and head of its New Jersey operations. William O’Keefe, senior vice president at Normandy, will join Cassidy Turley in that same capacity.

“We have benefited from a very productive and longstanding relationship with Cassidy Turley and this alliance will further strengthen our leasing initiatives in the New Jersey market,“ said Finn Wentworth, a founder and managing principal of Normandy, in a statement.

Normandy manages about 15 million square feet of real estate nationally. It wasn’t immediately clear what percentage of Normandy’s New Jersey overall holdings will be managed by Cassidy Turley, but the portfolio includes several prominent office complexes, such as 25 Independence Blvd, a 107,000-square-foot office building in Warren, N.J., and Park Place, a 352,000-square-foot complex in Florham Park, N.J.

In December, Normandy acquired Center 78, a 371,000-square-foot office complex in Warren, N.J., and launched a $12 million renovation.

A spokesperson for Normandy said the alliance does not involve any acquisition or sale of equity between the two companies.

 

Related Articles

arrow_forward_ios
575 Lexington Avenue (Credit: Google Maps, iStock)

Normandy looks to sell 575 Lex for more than $650M

250 Church Street with Normandy’s founding partners Jeff Gronning, Finn Wentworth and David Welsh (Credit: Google Maps, Normandy)

Columbia, Normandy close on $205M purchase of 250 Church Street

320 West 31st Street and Normandy’s Travis Feehan (Credit: Google Maps, Normandy)

Building buy near Facebook-Apple battleground hints at big project

Normandy Founder Finn Wentworth, Columbia CEO E. Nelson Mills, 799 Broadway and 250 Church Street (Credit: Google Maps)

Columbia acquiring Normandy for $100M in New York real estate’s latest megamerger

Normandy, Columbia to buy Tribeca property for roughly $200M

Normandy, Columbia to buy Tribeca property for roughly $200M

Normandy, Princeton sell Bushwick warehouse to Steel Equities for $53M

Normandy, Princeton sell Bushwick warehouse to Steel Equities for $53M

Normandy, Drake Street refi LIC warehouse-to-office conversion with $75M Deutsche loan

Normandy, Drake Street refi LIC
warehouse-to-office conversion
with $75M Deutsche loan

Allianz looks to take 30% stake in massive Terminal Stores deal

Allianz looks to take 30% stake in massive Terminal Stores deal

arrow_forward_ios
Loading...