COLONIAL PLACE SEES 28,000 SF IN NEW LEASE ACTIVITY

COLONIAL PLACE SEES 28,000 SF IN NEW LEASE ACTIVITY

Tampa, FL – October 28, 2011 – (RealEstateRama) — Westshore continues to hold the position of Tampa Bay’s strongest submarket, with a 20 basis point improvement in vacancy rates during the third quarter and three sustained quarters of positive absorption. Contributing to the positive activity in this submarket was more than 28,000 SF in new leases signed at Colonial Place, located at 4350 West Cypress Street, just off I-275.

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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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