Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver
- Aug 09, 2010
Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”
“Our goal is to find the right partners,” affirmed Cassidy Turley CEO Mark Burkhart (left), whose growth strategy is firmly footed in finding individuals and firms that offer leadership and a cultural fit. “From a national basis, we have gained a critical mass to best service our clients already. That’s why it is important to find the right companies.” Indeed, with the addition of what is now known as Cassidy Turley Fuller Real Estate, the service provider now includes more than 1,000 brokers, 600 of them added since Jan. 1. “It’s been very exciting and kind of beyond any of our imaginations even a year ago when we were looking at ourselves and (determining) strategy. It’s really fallen into place quickly,” Burkhart observed.
Fuller was no stranger to Burkhart, who said he has known president & CEO Greg Morris and the company for years and sought to add the firm because of a strong alignment between the two companies’ cultures. Morris agreed, noting that, having been with Fuller for 25 years, 15 of them as CEO, “I’ve been looking forward to this day for a long, long time.” While “just about every real estate company” has approached the Denver firm over the years, he said, he liked the cultural fit and the autonomy he will retain. The timing was also right: “As the world changes and the industry continues to evolve, with clients requiring partner services, resources and reaction times, this has been a move that was inevitable,” he said. Already, he added, the 50-year-old Fuller, which is well established in the Denver marketplace and services all the major property areas, has a dozen or so new projects.
As for Cassidy Turley, Burkhart plans continued growth, with particular attention paid to tier one markets. The company, which is currently in talks with a number of companies, according to Burkhart, has 420 million square feet of managed space and 60 offices in 20 national markets; it completed more than $13 billion in transactions last year.