CBRE ARRANGES $17.45 MILLION SALE OF LAKEVIEW INDUSTRIAL PARK NEAR FORT LAUDERDALE AIRPORT

    CBRE ARRANGES $17.45 MILLION SALE OF LAKEVIEW INDUSTRIAL PARK NEAR FORT LAUDERDALE AIRPORT

    Fort Lauderdale, FL – June 5, 2013 – (RealEstateRama) — CBRE arranged the sale of Lakeview Industrial Park, a seven-building, 210,350-square-foot industrial complex at 2201 Stirling Road in Dania Beach, FL. Industrial Income Trust acquired the asset for $17,450,000, or $83 PSF. CBRE’s Capital Markets Institutional Group represented the seller, an affiliate of Morgan Stanley Real Estate Investing, which owned the property for 26 years.

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    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

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