CLASS A OFFICE BUILDING NEAR MIZNER PARK IN BOCA RATON SELLS FOR $4.6 MILLION

    Boca Raton, FL – June 27, 2013 – (RealEstateRama) — CBRE announced the sale of an 8,010-square-foot office building in Boca Raton. The two-story building at 140 North Federal Highway was sold for $4.6 million to Lido Realty LLC, a New York-based company. The office building was 100% leased at the time of sale. The main tenant, BB&T, no longer occupies the space but is still obligated to their original 12-year lease. CBRE represented the seller, 140 N. Federal Hwy., LLC.

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    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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