TOWN PLAZA PURCHASED FOR $2.9 MILLION

TOWN PLAZA PURCHASED FOR $2.9 MILLION

St. Petersburg, FL – October 25, 2011 – (RealEstateRama) — CBRE announced today the sale of Town Plaza, a 67,050-square-foot shopping center, to a locally based private investor for $2.9 million. The new ownership has plans to revive the neighborhood shopping center that had been neglected over the past several years

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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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