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: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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