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MIAMI CHURCH PROPERTY SELLS FOR $6.25 MILLION

MIAMI CHURCH PROPERTY SELLS FOR $6.25 MILLION

Miami, FL – July 31, 2013 – (RealEstateRama) — A property owned and occupied by the First Church of Christ, Scientist, Miami at 1836 Biscayne Boulevard has found a buyer. Reading Partners LLC, an entity of Queensfort Capital, acquired the property for $6.25 million – approximately $250,000 above the asking price – and plans to establish two restaurants on the property. CBRE represented the seller.

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CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Contact:

Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627