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BAL HARBOUR SUNTRUST BUILDING SOLD FOR $13.5 MILLION

BAL HARBOUR SUNTRUST BUILDING SOLD FOR $13.5 MILLION

Bal Harbour (Miami Beach), FL – January 14, 2012 – (RealEstateRama) — The SunTrust bank building located at 9600 Collins Avenue in Miami Beach’s Bal Harbour village was acquired for $13.5 million by an affiliate of the owner of Bal Harbour Shops. The seller, a wholly owned subsidiary of Inland American Real Estate Trust, Inc., hired CBRE to market the asset for sale.

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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