CBRE ARRANGES SALE OF NEW CONSTRUCTION DORAL INDUSTRIAL FACILITY

CBRE ARRANGES SALE OF NEW CONSTRUCTION DORAL INDUSTRIAL FACILITY

EdgeConneX acquires 114th Avenue property to serve as data center

Miami, FL – October 1, 2014 – (RealEstateRama) — CBRE arranged the sale of a 32,000-square-foot new construction warehouse at 2132 NW 114th Ave. in Doral, FL. The free-standing property located in Dolphin Commerce Center, was acquired by EdgeConneX, a new-to-market firm, from a private developer, PFR Investments LLC .

“The 25th Street corridor in Doral is rich in fiber networks which are essential to operation of a data center,” said Andrew Lehrer of CBRE’s Industrial Services Group. ”This property has the connectivity EdgeConneX demands for the rapid content delivery they provide to their customers and clients. Originally intended to be a warehouse/distribution center, this property was placed under contract mid-way through construction and our client was able to work closely with the seller and Burke Construction to retrofit the property for their specific needs.”

EdgeConneX develops and operates purpose-built data centers that are designed and deployed in collaboration with their customers to ensure the most efficient placement of content delivery infrastructures.

CBRE’s Devin White and David Albert collaborated with Lehrer in the transaction.

About CBRE Group, Inc.

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 and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 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. Please visit our website at www.cbre.com.

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