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PRIME 96-ACRE LAND PARCEL PURCHASED FOR $9.75 MILLION

St. Petersburg, FL – March 9, 2012 – (RealEstateRama) — CBRE brokered the purchase of a 96-acre vacant land parcel just north of Gandy Boulevard along I-275 by Great Bay Distributors for $9.75 million. CBRE Senior Associate Jarib Rodriguez and Senior Vice President John Jenkins marketed the site for sale and negotiated the transaction on behalf of the seller, BB&T Bank. BB&T acquired the asset through foreclosure in early 2011.