CBRE ARRANGES CROSSROADS SHOPPING CENTER REFINANCING FOR $15 MILLION

    CBRE ARRANGES CROSSROADS SHOPPING CENTER REFINANCING FOR $15 MILLION

    Tampa, FL – March 25, 2013 – (RealEstateRama) — CBRE arranged permanent financing in the amount of $15 million for Crossroads Shopping Center, a 341,682 square foot, power center located in St. Petersburg, Florida. This loan was a refinance of a mortgage originally placed in 2004. The new loan is structured with today’s low market rate, two years prior to its original maturity.

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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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