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CBRE SELLS RETAIL PROPERTY FOR DEVELOPMENT OF A CHASE BANK

CBRE SELLS RETAIL PROPERTY FOR DEVELOPMENT OF A CHASE BANK

Pembroke Pines, FL – April 5, 2013 – (RealEstateRama) — CBRE arranged the sale of a single tenant retail property leased to Chase Bank. The buyer, 150 NW 180th Street, LLC, purchased the property from Pembroke Pines Place, LLC, a Florida-based private developer who hired CBRE to market the asset for sale and negotiate the transaction

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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.

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Robert W. McGrath
Senior Director, Corporate Communications

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