Cary Marsella joined the Commercial Retail Associates team in 2011 specializing in tenant representation and investment sales. Over his 34 years’ experience in the real estate industry Cary has been involved in over 900 transactions as a broker and instrumental in the development of over 20 retail and office projects throughout Central California. Cary has been intimately involved in shopping center leasing, sales, tenant representation, and development including but not limited to land acquisition, annexation, obtaining entitlements, rezoning, engineering, architectural reviews, city site plan reviews, city council meetings, planning commission meetings, Cal Trans approvals, traffic studies, environmental studies, endangered species mitigation, creating new parcel maps, broker opinion of values, bank disposition sales, and statewide tenant expansion programs.
Cary took a hiatus from CRA in 2016 to pursue opportunities working as Director of Land Acquisition for KB Home and Century Communities before returning in 2019. Cary has been recognized as a CoStar Power Broker, and a Top Producer throughout his career including multiple years at Commercial Retail Associates. While at CRA Cary has represented Golden 1 Credit Union, Office Max, and completed 10 Les Schwab Tire transactions. Cary currently resides in Santa Cruz and is actively seeking new tenant representation assignments in the Central Coast area.
After earning a Bachelor of Science Degree in Business Administration-Real Estate & Urban Land Economics at California State University, Fresno, Cary began his commercial real estate career in 1989 with CBRE, (formerly Coldwell Banker Commercial). Cary specialized in retail shopping center leasing and tenant representation. Cary earned Rookie of the Year and was recognized as a Top Producer every year. Cary was the exclusive broker for Blockbuster Video, Old Navy, Supercuts, RTO, Crown Books, Chubby’s Diner, Frame-n-Lens, AT&T, and PacBell PCS throughout central California. Cary also procured the exclusive to represent Ultramar/Beacon in California and selected/managed a team of 17 CBRE brokers to develop their expansion program.
In 1996 Cary joined Thomason Development Company as Director of Leasing and Acquisition. Cary worked in multiple capacities including but not limited to construction management, property management, development, sales, and leasing for over 750,000 SF of retail, office, and industrial space from Hanford to Redding. Cary secured a preferred developer relationship with Blockbuster Video developing multiple stores in Fresno. Cary was also involved in developing a Vons anchored center in Clovis and a Walgreens in Redding.
In 2000 Cary was recruited as Leasing Manager by Western Properties Trust, a publicly traded real estate investment trust that owned and operated 65 neighborhood and community shopping centers in the western United States. Cary managed the Fresno office in multiple capacities including but not limited to construction management, development, sales, and leasing for over 1,200,000 SF of retail shopping centers in the following 10 cities: Porterville, Tulare, Dinuba, Hanford, Coalinga, Fresno, Los Banos, Turlock, Modesto, and Angels Camp. Pan Pacific Properties acquired Western Properties Trust in late 2000 for $440 million.
Cary joined Colliers Tingey International in 2001 where he was a consistent Top Producer. Cary specialized in tenant representation and land/investment sales for 11 years becoming Senior Vice President and Partner in the firm. Cary was a Committee Member of California Retail Tenant Services for Colliers International (CRTS). While at Colliers, Cary exclusively represented Les Schwab Tires, Golden 1 Credit Union, and Office Max.
Partial List of Sales Transactions
|Lakos Corporate Campus – 93,813 SF NNN Leased Investment – Fresno
|Retail Development Site – 53.7 Acres – Galt
|Caliber Collision – 9,888 SF NNN Leased Investment – Clovis
|Industrial Development Site – 18.9 Acres – Fresno
|Multi-Tenant Bldg. – 13,033 SF NNN Leased Investment – Merced
|Commercial Development Site – 18.07 Acres – Fresno
|Sierra Village – 83,395 SF Shopping Center Investment – Fresno
|Retail Development Site – 15.51 Acres – Merced
|Nursery Center – 40,000 SF Shopping Center Investment – Fresno
|Retail Development Site – 11.4 Acres – Hanford
|Northern Village – 32,237 SF Shopping Center Investment – Fresno
|Retail Development Site – 8.4 Acres – Merced