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Westcore Properties Picks Cassidy Turley to Manage 11 Million SF Portfolio

ST. LOUIS – Cassidy Turley is chosen by Westcore Properties to provide management services for its industrial, office and retail properties in CA, IN, and MO.

By Chip Barnett | Updated on January 22, 2013

   ST. LOUIS –  Westcore Properties has picked Cassidy Turley to manage about 11.1 million square feet of industrial, office and retail space in Northern California as well as industrial space in Indianapolis and St. Louis.

    A Westcore, in partnership  DRA Advisors LLC, acquired the 126-building portfolio from the Joe Benvenuti Co. last year. It includes 8 million square feet in Sacramento, 1.9 million square feet in St Louis and 1 million square feet in Indianapolis    “Given the fact that industrial portfolios of this size do not trade very often, we are excited to be selected by Westcore Properties and DRA Advisors LLC to manage the entire portfolio,” Paul Klink, Managing Director and Principal of Cassidy Turley in San Diego, says in a press release. “Our ability to quickly transition such a large portfolio – combined with our knowledge of these local markets – will help create value and ensure Westcore and DRA’s operations’ strategy is well supported.”    Klink was instrumental in securing the assignment, which involved a formal request for proposal and multiple interviews.     “We are excited to expand our relationship with Cassidy Turley,” Matthew Bateman, Managing Director of Operations for Westcore Properties, says in the release. “This is a large portfolio and we’re very confident Cassidy Turley will provide outstanding property management.”     Westcore Properties is a private, entrepreneurial commercial real estate investment firm with a specialized focus in the western United States and key European markets.     DRA Advisors  is a New York-based registered investment advisor specializing in real estate investment management services for institutional and private investors.    Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide.

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