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.

    SHARE
    CBRE

    CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

    Contact:

    Robert W. McGrath
    Senior Director, Corporate Communications

    +1 212 9846515
    +1 800 7996523 FREE

    Previous articleCORKER-WARNER MORTGAGE REFORM BILL MARKS AN IMPORTANT NEXT STEP
    Next articleOregon and Idaho property managers failed to disclose lead paint hazards to renters