AMERICA’S GATEWAY INDUSTRIAL PORTFOLIO SOLD FOR $19 MILLION

AMERICA’S GATEWAY INDUSTRIAL PORTFOLIO SOLD FOR $19 MILLION

Miami, FL – January 25, 2012 – (RealEstateRama) — TA Associates acquired the America’s Gateway portfolio, a four-building distribution warehouse portfolio in Miami, for just over $19 million. CBRE Capital Markets professionals Chris Riley, Christian Lee and Brian Budnick, with the help of Industrial leasing professionals Devin White and David Albert, marketed the portfolio and negotiated the transaction on behalf of the seller, Clarion Partners.

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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.

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Robert W. McGrath
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