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Old Posted Jul 3, 2014, 9:19 AM
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sirkingwilliam sirkingwilliam is offline
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Join Date: Feb 2007
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cps energy secures cassidy turley to help identify new hq site

CPS Energy is taking another step toward identifying a site for its new headquarters.

The San Antonio utility company has contracted with Washington, D.C.-based commercial real estate services firm Cassidy Turley to evaluate its current real estate assets in and to develop and implement a long-term plan for its headquarters facility.

Cassidy Turley will help CPS craft a strategy for acquiring space for its new headquarters and for disposition of its current San Antonio property downtown.

CPS Energy is the nation’s largest municipally owned energy utility. It has more than $10 billion in assets and more than $2.4 billion in annual revenues. The utility currently serves more than 741,000 electric customers and some 331,000 natural gas customers in the region.

Cassidy Turley will release a request for information (RFI) as part of an effort to identify all potential real estate opportunities in the market which can accommodate a corporate headquarters.

This RFI will be released during the first week of july to an initial list of targeted properties within a defined area encompassing downtown San Antonio. The RFI will also be released to an initial list of targeted investor-developers.

Cassidy Turley is inviting property owners and investor-developers to submit proposals for a new CPS Energy headquarters.

Originally Posted by fireoutofclay View Post
w. Scott bailey
reporter/project coordinator- san antonio business journal
jul 1, 2014, 2:43pm cdt updated: Jul 2, 2014, 9:16am cdt
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