Business & Tech

SunTrust taps Cassidy Turley to service corporate real estate portfolio

Midtown office plays important role as Cassidy Turley scores 14 million square foot outsourcing assignment

Commercial real estate services provider Cassidy Turley has been selected by Atlanta-based SunTrust Banks, Inc., to provide corporate real estate services for the financial institution’s 14 million-square-foot corporate real estate portfolio.

On behalf of SunTrust, Cassidy Turley will provide transaction management, project management, lease administration and portfolio planning for SunTrust’s office portfolio and more than 1,600 bank branches across the Mid-Atlantic and Southeast.

And as noted in a Monday story at Commercial Property Executive, SunTrust is just another of several contracts Cassidy Turley has scored in recent months.

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Cassidy Turley’s team leveraged long-held relationships in its Atlanta office, located at 171 17th St. in Midtown, with the firm’s forward-thinking, national corporate real estate services platform to win the assignment, which will be led by Cassidy Turley Senior Vice President Ed Verret.

“We’ll take a strategic approach to help SunTrust optimize its workplace and corporate real estate portfolio in order to better align it with the needs of the bank’s business units,” Craig Robinson, Cassidy Turley, president, corporate services, said in a release. “This collaboration is a transformational step that will enhance SunTrust’s workplace while providing positive financial benefits.”  

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Headquartered at SunTrust Plaza at 303 Peachtree St., SunTrust Banks, Inc., is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of June 30, 2012, SunTrust had total assets of $178.3 billion and total deposits of $128.4 billion.


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