Thursday, June 21, 2018
Business

Tampa's CLW Real Estate Services Group sold to Washington, D.C., firm

TAMPA — The commercial brokerage that manages Tampa's tallest skyscraper and the downtown "Beer Can" building has been bought by a Washington, D.C., commercial real estate firm.

CLW Real Estate Services Group, which manages several Tampa Bay office parks and high-rises, was acquired by Cassidy Turley, which runs more than 60 offices across the country, the firms announced Wednesday. They would not disclose financial details of the deal.

CLW, which employs more than 100 people and opened in Tampa in 1988, will be rebranded under the new name starting April 1, a Cassidy Turley spokeswoman said. Two CLW principals will serve as executive managing directors. No layoffs are expected.

With offices in Orlando, Miami, Jacksonville, Fort Lauderdale, Atlanta and Boston, CLW completed more than 1,275 deals for properties totaling 26 million square feet across more than 40 states, Canada, Panama and the Virgin Islands over the past five years, the firm said.

Outside of its involvement with the 38-floor 100 North Tampa tower and the 32-floor Rivergate Tower — the Beer Can building — the firm also leases or manages the 11-floor Bayport Plaza in West Shore and the 12-floor Island Center and 12-floor Waterford Plaza in Rocky Point, the island off the Courtney Campbell Parkway.

Cassidy Turley employs more than 3,700 people, according to a release. In 2011, the firm completed $22 billion in deals for properties totaling 455 million square feet.

Contact Drew Harwell at (727) 893-8252 or [email protected]

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