Red Mango Franchise Extends Its Contract With Cassidy Turley Corporate Services

ST. LOUIS // PRNewswire // -- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Red Mango has extended its service agreement with Cassidy Turley Corporate Services. In 2009, Cassidy Turley developed and implemented a cost effective and efficient turn-key process for Red Mango's store openings, which includes site selection, lease negotiation, design and construction management.

"After identifying initial challenges with growing our restaurant, we turned to Cassidy Turley to help assist us in reducing the overall cost of opening Red Mango stores," said Greg Kaloustian, Chief Development Officer of Red Mango.

Red Mango is the fastest-growing retailer of all-natural nonfat frozen yogurt and fresh fruit smoothies in the United States and currently has over 70 locations throughout the country. Red Mango plans to open their 100th store by the end of 2010.

"We look forward to continuing to provide services to Red Mango to help the company achieve their growth objectives throughout the U.S.," said Kris Knapstein, Second Vice President at Cassidy Turley.

About Red Mango

Red Mango, the fastest growing retailer of all-natural nonfat frozen yogurt and fresh fruit smoothies, opened its first U.S. store in July 2007 in Los Angeles, and has since celebrated more than 70 store openings in 17 states including Arizona, Arkansas, California, Florida, Illinois, Indiana, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Texas, Utah, Virginia, Washington and Wisconsin. Red Mango received the prestigious Nation's Restaurant News' 2009 "Hot Concepts!" award and the industry-recognized SupplySide's 2010 "Scientific Excellence Award", and has been named the best frozen yogurt in Los Angeles, Seattle, Las Vegas, Chicago, Utah and New York by highly-regarded independent publications. Headquartered in Dallas, Red Mango serves uniquely delicious frozen yogurt that is all-natural, nonfat, gluten-free and packed with beneficial live and active probiotic cultures like GanedenBC30 ™ (Bacillus coagulans GBI-30, 6086), which help support a healthy immune and digestive system when consumed as part of a balanced diet and healthy lifestyle. Red Mango's frozen yogurt was the first frozen yogurt retailer to become certified by the National Yogurt Association's Live and Active Culture Seal for meeting the required criteria for healthy frozen yogurt. Red Mango also introduced the world's first all-natural probiotic iced teas that are made with whole tea leaves and hand-shaken to order, and recently expanded its menu to include satisfying lunchtime meal options like all-natural made-to-order fruit parfaits and fresh fruit smoothies.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider in the U.S., with 420 million square feet of managed space, 60 offices, 21 national markets, and more than $13 billion in completed transactions for 2009. Outside of North America, Cassidy Turley partners with GVA Grimley, the founder and majority shareholder of GVA Worldwide. Cassidy Turley serves owners, investors and occupiers by offering integrated, tailored solutions across a full spectrum of commercial real estate services including capital markets, corporate services (which supports more than 25,000 locations), project leasing, property management, project and development services, and tenant representation. The firm recently ranked in the Top 10 on the Lipsey Co.'s Commercial Real Estate Top Brands Survey.

SOURCE Cassidy Turley

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