Cassidy Turley was recently selected by Equity Office Properties to manage the 1550 and 1600 Towers in St. Louis Park, Minn. These properties are part of The Blackstone Group’s recent acquisition of Duke Realty’s 10-million-square-foot suburban office portfolio.
Cassidy Turley’s Minneapolis team has been retained to manage the two-building 491,000-square-foot Class-A office complex. The 1550 (known as the MoneyGram Tower) and 1600 Towers were built in 1987 and 2000 respectively by Duke Realty Corporation, and are directly adjacent to its West End retail development.
“We are excited to have been selected by Equity Office Properties to manage this Class-A project in the Twin Cities,” said Dennis Panzer, managing principal of the Cassidy Turley Minneapolis office. “Our team of experts in property management is working to provide a seamless transition for the portfolio. This assignment is a demonstration that our national business strategies are indeed proving valuable. This assignment constitutes repeat business and was procured through relationships in our Columbus and Dallas markets.”
The team focused on this new assignment will be led by Dawn Grant, senior vice president of operations and a principal with the firm. Paul Skram will serve as senior property manager, having more than 25 years experience in property and facilities management. He most recently managed One Financial Plaza in downtown Minneapolis and the Woodbury Lifestyle Center in the east metro. Paul Doering, who has been with Cassidy Turley for more than 20 years, has been tapped as lead operating engineer.
