IndCor Selects Cassidy Turley to Manage 7.8 Million SF Industrial Portfolio in the U.S.

ST. LOUIS, July 11, 2011 /PRNewswire/ -- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that IndCor Properties, an affiliate of Blackstone Real Estate Advisors, has selected the firm to manage approximately 7.8 million square feet of industrial properties in seven cities in the Central U.S. The properties comprising IndCor's industrial portfolio are in Chicago, Cincinnati, Columbus, Denver, Indianapolis, Kansas City, and Louisville - locations that complement Cassidy Turley's ability to leverage local market knowledge to provide comprehensive services across regions.

"We are pleased to add IndCor to our client roster," said Dean Mueller, Cassidy Turley's President of Investor Services. "This addition is in keeping with our growth strategy of offering creative, cost-effective and responsive property management services tailored to specific client needs and requirements. Given Cassidy Turley's strong presence in the Central U.S. and experience handling large industrial portfolios, we are confident that our property management capabilities will allow IndCor to ensure maximum measurable outcomes for its industrial properties."

"We are excited about partnering with Cassidy Turley to ensure outstanding property management service to our customers throughout the Midwest," said Tim Beaudin, Chief Executive Officer of IndCor Properties.  "Their solid platform and depth of knowledge in these key markets is a great match for our portfolio."

Cassidy Turley currently manages 2,377 industrial properties totaling over 257 million square feet on behalf of institutional, corporate and private clients throughout the U.S.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider with 3,200 professionals in 60 offices nationwide. The company represents a wide range of clients -- from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers 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. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.

About IndCor Properties

IndCor Properties, an affiliate of Blackstone Real Estate Advisors, is a privately held real estate investment firm that acquires, develops, owns and operates high quality industrial distribution properties throughout North America.  IndCor currently owns 45 million square feet of strategically located industrial assets across 31 markets in 21 states and continues to actively expand its ownership platform through single building and portfolio acquisitions while maintaining best in class service for its 650 customers. IndCor Properties is headquartered in Chicago, Illinois.

SOURCE Cassidy Turley

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