MIAMI LAKES RESEARCH & INDUSTRIAL PARK PURCHASED FOR $14.3 MILLION

MIAMI LAKES RESEARCH & INDUSTRIAL PARK PURCHASED FOR $14.3 MILLION

Miami Lakes, FL – June 27, 2012 – (RealEstateRama) — CBRE announced today the sale of Miami Lakes Research & Industrial Park, an eight-building R&D manufacturing campus located at 14400–14560 NW 60th Avenue. The 290,529-square-foot campus was purchased by the original developer of the asset, The Graham Companies, for $14.3 million, or $49 per square foot. CBRE represented the seller, MCP EWE LLC (a joint venture between The Easton Group & Marcus Partners), in 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.

Contact:

Robert W. McGrath
Senior Director, Corporate Communications

+1 212 9846515
+1 800 7996523 FREE

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