Transaction Signals Improvement in Market Interest
Orlando, FL – March 26, 2012 – (RealEstateRama) — CBRE arranged the sale of a 117,280-square-foot cold storage facility optimally situated in Orlando, FL. The property at 2540 Shader Road was acquired for $1.35 million from United States Cold Storage of Voorhees, NJ, by Excel Property Holding LLC.
“The vacant facility was an attractive acquisition for a buyer seeking to utilize a cold storage operation in Orlando. Because of its large size and special purpose nature, the transaction is a significant indicator of improved buyer interest in the Central Florida market,” said David Murphy.
David J. Murphy, Senior Vice President represented the seller along with CBRE Managing Director Carl Gersbach of Wayne, PA. Colliers International represented the Buyer.
About CBRE Group, Inc.
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. Please visit our Web site at www.cbre.com
Contact:
Elizabeth Cross
Marketing Director, FL
305.428.6373
elizabeth.cross (at) cbre (dot) com
Lauren Crawford
Communications & Media Manager, FL
813.273.8482
lauren.crawford (at) cbre (dot) com
