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CBRE ARRANGES SALE OF SMALL BAY WAREHOUSE IN WEST PALM BEACH

CBRE ARRANGES SALE OF SMALL BAY WAREHOUSE IN WEST PALM BEACH

West Palm Beach, FL – August 1, 2013 – (RealEstateRama) — CBRE arranged the sale of Southern Park of Commerce, a 73,563-square-foot warehouse in West Palm Beach, Florida. Pishon II Pike Road LLC sold the Class A, small bay warehouse at 342-346 Pike Road to Tigertail Lake Warehouses LTD, located in Hollywood, Florida for $8 million or $108.75 PSF. CBRE represented the seller. The warehouse was 90% occupied at the time of 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