ST. LOUIS // PRNewswire // -- Weight Watchers and Cassidy Turley announced today that Cassidy Turley Corporate Services has been named the exclusive real estate representative throughout the U.S. for New York based Weight Watchers International, Inc. Under the agreement, Cassidy Turley will also provide project management services to the company.
Cassidy Turley will assist Weight Watchers in the relocation and renewal of leases for the more than 800 existing Weight Watchers centers. The company is a leading global provider of weight management products and services. Weight Watchers is currently focusing on enhancing their retail presence throughout the U.S. by taking advantage of market conditions and improving their in store designs.
"We chose Cassidy Turley because of their proven track record with similar initiatives. They proposed a solution that was specifically customized to our needs," said Tricia Shay, Vice President of Real Estate for Weight Watchers. "We are confident in Cassidy Turley's ability to assist us in taking advantage of current market conditions as we look to optimize our retail portfolio."
"We are very excited to be partnering with Weight Watchers – the dominant player in their industry and one of the most recognized brands in the world," said Greg Schuster, Senior Vice President and Principal, Cassidy Turley.
Weight Watchers International, Inc. is the world's leading provider of weight management services, operating globally through a network of Company-owned and franchise operations. Weight Watchers holds almost 50,000 meetings each week where members receive group support and learn about healthy eating patterns, behavior modification and physical activity. WeightWatchers.com provides innovative, subscription weight management products over the Internet and is the leading Internet based weight management provider in the world. In addition, Weight Watchers offers a wide range of products, publications and programs for those interested in weight loss and weight control.
Cassidy Turley is one of the largest commercial real estate services providers in the U.S., with 420 million square feet of managed space in 57 locations and $16 billion in completed transactions for 2008. The firms comprising Cassidy Turley include Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker in the Midwest, Colliers ABR in New York City and Colliers Pinkard in Baltimore, Charlotte and Raleigh, along with the addition of BT Commercial and CPS in Northern California (formerly affiliated with NAI and CORFAC, respectively), BRE Commercial in Southern California and Phoenix (both formerly affiliated with Grubb & Ellis) and Colliers Houston & Co. of New Jersey. Collectively, the Cassidy Turley firms have over 360 shareholders. Through its team of experienced service professionals, Cassidy Turley focuses on the needs of its clients, offering end-to-end services delivered across a full spectrum of commercial real estate including Capital Markets, Corporate Services (which supports more than 22,000 locations), Landlord and Tenant Representation and Property and Project Management. The firm also offers specialty services and industry focused practice groups as well as first class market research. In addition, Cassidy Turley is a leader in assisting clients to create more sustainable workplace environments. The firm recently ranked in the Top 10 on the Lipsey Co.'s Commercial Real Estate Top Brands Survey. Please visit www.cassidyturley.com for more information about the company.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. The reports filed by the Company pursuant to United States securities laws contain discussions of these risks and uncertainties. The Company assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review the Company's filings with the United States Securities and Exchange Commission (which are available from the SEC's EDGAR database at www.sec.gov, at various SEC reference facilities in the United States and via the Company's website.
SOURCE Cassidy Turley