CBRE BROKERS SALE OF WEST MARINE MEGA FLAGSHIP STORE

CBRE BROKERS SALE OF WEST MARINE MEGA FLAGSHIP STORE

Fort Lauderdale, FL – March 16, 2012 – (RealEstateRama) — Known as the ‘yachting capital of the world’ to enthusiasts, Fort Lauderdale is home to Cole Capital’s newly acquired West Marine mega flagship store. The 50,000-square-foot building was completed in 2011 for West Marine as a relocation for the chain’s top-performing store. CBRE marketed the trophy asset for sale and negotiated the transaction on behalf of the seller and developer, Stiles Corporation. Cole Capital purchased the property for $12.75 million.

SHARE
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

Previous articleU.S. Green Building Council Announces the LEED Green Building Program to Recognize Energy Credits from BREEAM
Next articleFORECLOSURE-RESPONSE.ORG TEAM RELEASES LATEST DATA ON SERIOUS MORTGAGE DELINQUENCY AND FORECLOSURE RATES FOR ALL 366 U.S. METRO AREAS