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CBRE, ON BEHALF OF COBALT CAPITAL PARTNERS, ARRANGES $39,350,000 SALE OF 401,650 SF CLASS ‘A’ INDUSTRIAL PORTFOLIO IN PRESTIGIOUS SOUTH FLORIDA CORPORATE PARK

CBRE, ON BEHALF OF COBALT CAPITAL PARTNERS, ARRANGES $39,350,000 SALE OF 401,650 SF CLASS ‘A’ INDUSTRIAL PORTFOLIO IN PRESTIGIOUS SOUTH FLORIDA CORPORATE PARK

Miami, FL – May 2, 2013 – (RealEstateRama) — CBRE arranged the sale of a three-building Class A industrial portfolio in the prestigious Sawgrass International Corporate Park in Sunrise, Florida. Sunrise Distribution Center, located at 900 International Parkway, 14599 NW 8th Street, and 13801 NW 4th Street, was acquired for $39,350,000 by Industrial Income Trust of Denver, Colorado, from Cobalt Capital Partners of Irving, Texas. The portfolio was 100% leased to five quality tenants.