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CBRE TO REPRESENT TWO KIMCO-OWNED BROWARD COUNTY RETAIL CENTERS

CBRE TO REPRESENT TWO KIMCO-OWNED BROWARD COUNTY RETAIL CENTERS

Fort Lauderdale, FL – April 16, 2015 – (RealEstateRama) — CBRE has been engaged by Kimco as the exclusive leasing agent for two neighborhood retail centers in Broward County, Florida. CBRE retail professionals Lisa Ferrazza and Nicole Fontaine will represent Cypress Creek Station at 6201-6531 N. Andrews Ave. in Fort Lauderdale and Maplewood Plaza at 1146-1200 N. University Drive in Coral Springs.

“Over the past year, the Fort Lauderdale market has experienced some of the strongest rent growth in the country, largely due to strong tourism and low unemployment. As rents continue to skyrocket in Miami, retailers are migrating north to take advantage of lower rental rates and higher availability of space,” said Lisa Ferrazza, CBRE Vice President.

Cypress Creek Station is a 229,034-square-foot retail center in a primary office market, with convenient access to I-95. It is home to several high-profile tenants including Regal Cinemas, Office Depot, L.A. Fitness, Champps Americana, Longhorn Steakhouse and Five Guys. At this time, the center has 15,000 square feet available, including 12,000 square feet that would be suitable for a retail, office or industrial user. There is also an available outparcel ground lease on ±0.88 acres.

Located in the heart of Coral Springs at the signalized intersection of University Drive and Ramblewood Drive, Maplewood Plaza is 100% leased with a strong mix of tenants led by T.J. Maxx, Party City and Discovery Clothing Company. Maplewood Plaza is located across from the Coral Square Mall, which is anchored by Macy’s, Dillard’s, JCPenney, and Kohl’s.

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 and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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 website at www.cbre.com.

Contact:
Elizabeth Cross
305.428.6373
elizabeth.cross (at) cbre (dot) com
Melinda Sherwood
305.381.6453
melinda.sherwood (at) cbre (dot) com

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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Contact:

Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627