CBRE CLOSES $70 MILLION SALE ON OFFICE TOWER IN THE BRICKELL SUBMARKET OF MIAMI

    CBRE CLOSES $70 MILLION SALE ON OFFICE TOWER IN THE BRICKELL SUBMARKET OF MIAMI

    Miami, FL – March 19, 2013 – (RealEstateRama) — CBRE announced today that it has closed the sale of 80 Southwest 8th Street, an office tower with 285,595 square feet in Miami, Florida. CBRE marketed the property on behalf of the seller. The purchaser was an investment group led by Miami-based Banyan Street Capital, and included Crocker Partners out of Boca Raton, and Independencia, a Chilean Investment Fund.

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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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