Cassidy Turley announced this month that it had acquired FHO Partners, a commercial real estate brokerage and advisory firms in the Greater Boston Metropolitan Area, according to a CoStar report. FHO firm completed transactions valued at $18 billion in 2010, and manages 455 million square feet on behalf of private, institutional, and corporate clients according to a Boston Globe article. Moving forward, FHO Partners will be formally known as Cassidy Turley FHO and will transition to the Cassidy Turley name over time. FHO 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.
"We are excited to introduce the Cassidy Turley brand to the region by building on FHO Partners' foundation of excellence," said Joe Fallon. "Our clients have needs beyond our current geographic reach, as well as beyond our current scope of services. Cassidy Turley's expansive geographic coverage and ability to deliver core services that we do not currently offer will enable us to serve those needs while retaining and expanding our existing client relationships."
"We are very pleased to welcome FHO Partners to the Cassidy Turley family," said 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. Securing a presence in greater Boston, one of the nation's strongest commercial real estate markets, is a critical component of our strategic growth plan. Boston's commercial real estate base is unparalleled given its cluster of businesses in technology, higher education, healthcare and professional services. With the acquisition of FHO, Cassidy Turley gains a presence in a premier market where we can provide clients with the geographic reach, critical market knowledge and complete services they require to remain successful."
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