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.

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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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