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11-BUILDING INDUSTRIAL PORTFOLIO IN MEDLEY SELLS FOR $59.85 MILLION

11-BUILDING INDUSTRIAL PORTFOLIO IN MEDLEY SELLS FOR $59.85 MILLION

Miami, FL – June 26, 2013 – (RealEstateRama) — CBRE arranged the sale of Medley West, a 846,651-square-foot industrial park located at 9000 NW 106th Street in Medley, Florida. The sale represents the largest industrial trade in Miami for more than a year. Lincoln Property Company, based in Chicago, purchased the industrial portfolio for $59,850,000, or $71 per square foot. CBRE’s Capital Markets Institutional Group, in conjunction with the leasing team of Americas Industrial Realty Corporation, represented the seller.

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CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Contact:

Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627