Cresa Expands National Footprint Through New Office and Leadership Hires

PRESS RELEASE — Cresa, the world's largest occupier-centric real estate firm, is proud to announce the addition of three senior hires in their newly-established Raleigh, North Carolina and Orange County, California offices. With decades of combined real estate experience, Tim Capps and Michael Hurst will head the Carolinas region as Managing Principals in collaboration with Cresa's already existing team in Charlotte, while Mark Bennett leads as Managing Principal in Orange County.

This announcement comes on the heels of significant growth for Cresa in the past 18 months with notable company milestones that include a 20% increase in staff growth and recently-established offices in New Jersey and Silicon Valley, as well as globally in PolandSpain and Beijing.

"We're constantly looking to expand our presence and global footprint. This enables us to assist organizations in developing real estate strategies that are fully aligned with their key business goals," said Cresa Chief Executive Officer, Jim Underhill. "Both the Orange County, CA and Raleigh, NC markets are strong and positioned for continued economic growth and we are excited to expand Cresa's unique approach to commercial real estate in those regions."

As part of Cresa's expansion, the three new executive hires will be tasked with growing Cresa's capabilities in those markets as well as building upon Cresa's impressive resume and reputation for global services. 

Tim Capps, Managing Principal, Raleigh, North Carolina

Tim Capps has more than 20 years of experience in commercial real estate, which includes more than 50 million square feet of completed real estate transactions, totaling more than $1 billion in value. Prior to joining Cresa, Capps served in management positions within similar world-class commercial real estate firms. His expertise lies in understanding his client's business goals and proposing creative strategic plans to help meet these goals. Capps graduated with a B.S. from the Kenan Flagler Business School at University of North Carolina, Chapel Hill.

Michael Hurst, Managing Principal, Raleigh, North Carolina

Mike Hurst previously led the Corporate Real Estate and Workplace group, as well as the Corporate Security and Corporate Aviation functions, at SunTrust Banks, one of the nation's Top 10 banks. Under his leadership, SunTrust was able to realize significant real estate related cost reductions while at the same time improving the workplace environment. Hurst is a cum laude graduate of the Wake Forest University School of Law and practiced law in North Carolina for 16 years prior to joining SunTrust.

Mark Bennett, Managing Principal, Orange County, California

With more than 33 years of experience in the office, industrial and medical property sectors, Mark Bennett has developed strategic real estate plans for numerous Fortune 500 companies on a regional and national basis. Bennett's strengths include acquisitions and dispositions, lease restructurings, and build-to-suit assignments.

"Adding marquee talent is a top priority for Cresa," continued Underhill. "We're excited for the years of experience and expertise that Hurst, Capps and Bennett bring to the team as they look to build on Cresa's continued success in their respective markets."

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