SPRING FOOTWEAR PURCHASES FORMER FURNITURE SHOWROOM FOR HEADQUARTERS EXPANSION AND RELOCATION

SPRING FOOTWEAR PURCHASES FORMER FURNITURE SHOWROOM FOR HEADQUARTERS EXPANSION AND RELOCATION

Pompano Beach, FL – October 17, 2011 – (RealEstateRama) — Leveraging the conditions of the market favoring both tenants and buyers, Spring Holdings Realty, LLC recently purchased a 58,811-square-foot showroom to serve as the new headquarters for Spring Footwear. Visible from Interstate 95, the facility at 1001 West McNab Road was formerly occupied by City Furniture. The freestanding building was purchased for an undisclosed price in an all-cash 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.

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