Tim Capps to serve as branch manager
Raleigh, NC (December 12, 2012)  
International commercial real estate services firm Studley has opened a new office in Raleigh, North Carolina, announced Chairman and CEO Mitchell S. Steir. Located at PNC Plaza, 301 Fayetteville Street, it is the firm’s second office in the state of North Carolina and 24th in the U.S.

“We are committed to expanding our service offering in the U.S. while also providing the highest level of customer service to our clients. The addition of a Raleigh office allows us to do both,” said Steir.

“The ability to consistently meet the growing and ever changing needs of our clients in the U.S. and around the globe underscores the strength of Studley’s platform,” added Studley President Michael Colacino.

Leading the expansion into Raleigh, and serving as branch manager, is Senior Vice President Tim Capps, formerly of Tri Properties, Inc., a full-service commercial real estate firm based in Durham, North Carolina. Mr. Capps, a recognized expert in global tenant representation services, will oversee day-to-day operations of the new office while spearheading an ambitious recruiting effort that calls for the addition of several real estate professionals in 2013. He will also oversee the firm’s overall expansion in the Carolinas.

Mr. Capps will be joined by Corporate Managing Director Tucker Shade and Associate Director Greg Capps, both tenant advisory specialists and former colleagues at Tri Properties, Inc.
2012 has been a busy year for Studley as it expanded its U.S. footprint by more than 10% with the addition of offices in Charlotte, San Antonio, Austin and Raleigh.