BOSTON — On the heels of announcing its acquisition of Atlanta-based Carter just one week ago, Cassidy Turley has moved forward with another partnership, this time in Boston, by acquiring FHO Partners. FHO Partners will be formally known as Cassidy Turley FHO effective immediately and will transition to the Cassidy Turley name over time.
“We are very pleased to welcome FHO Partners to the Cassidy Turley family,” says Mark E. Burkhart, CEO of Cassidy Turley. “We were attracted to FHO Partners' client-focused approach, strength in tenant representation and consulting, deep understanding of local commercial real estate submarkets and trends, excellent reputation and client roster.”
Joe Stettinius, Cassidy Turley's president, agrees. “When Cassidy Turley came together in 2008, we realized there were five or six very important markets that we needed to have a presence in,” he adds. “Of those markets, Boston was near the very top for a couple reasons, one being its strong financial presence both on the investor and user side of the business. Plus, we had a lot of clients here already. So when we identified Boston, most important was having unbelievable partners in Boston who are really good at what they do.”
And that’s where FHO came in. Founded in 2007, FHO Partners team now comprises 47 employees, and is led by 17 partners who specialize in providing commercial brokerage services to clients in a diverse range of industries. Managing Partner Joe Fallon will continue to oversee the daily operations of the Cassidy Turley FHO office, while working closely with the Cassidy Turley leadership team to introduce new service offerings, including project management, property management and capital markets.
“The quality of the people and the leadership of Cassidy Turley was critically important to us, but the cultural fit, joining up with like-minded people with a very entrepreneurial background, that was also important,” Fallon says. “So if you combine that good chemistry and cultural fit with the vision of where they want to drive the company, everything fell into place with Cassidy Turley from our perspective.
“It is and will continue to be important to us to grow the platform outside of Boston and on a geographic basis,” Fallon adds. “We’re very excited about the opportunities Cassidy Turley can provide us here in Boston, including specific service lines we don’t currently have such as capital markets, project management and property management, which will benefit our clients, because they’ve been asking for it from us.”
— Dan Marcec