CBRE SECURES $27.2 MILLION IN FINANCING FOR RETAIL PORTFOLIO

    CBRE SECURES $27.2 MILLION IN FINANCING FOR RETAIL PORTFOLIO

    Tampa, FL – July 25, 2013 – (RealEstateRama) — CBRE’s Debt & Equity Financing Group has secured a $27.2 million loan for Cole Real Estate Investments, a real estate investment trust based in Phoenix, Arizona. The proceeds were used to refinance a portfolio of six single-tenant retail assets in various locations throughout the country. Based in Tampa, CBRE Senior Vice President Michael Strober was joined by partners Amanda Valenti and Donald Jennewein in representing the borrower, Cole. CBRE secured financing with a six-year term, interest only and a 3.1% interest rate from an undisclosed life company

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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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