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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.