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INLAND PURCHASES SAXON CROSSINGS SOLD FOR $20.7 MILLION

INLAND PURCHASES SAXON CROSSINGS SOLD FOR $20.7 MILLION

Orlando, FL – June 28, 2012 – (RealEstateRama) — CBRE Capital Markets arranged the sale of Saxon Crossings Shopping Center, a 119,590-square-foot community shopping center located in Orange City for $20,730,000. CBRE Senior Vice President Cliff Taylor of the Jacksonville office and First Vice President Daniel Baker of the firm’s Orlando office marketed the asset for sale and negotiated the transaction on behalf of the seller, Saxon Crossing Partners. The buyer, Inland Real Estate, is a Chicago-based REIT focused on the acquisition of shopping centers.

Located at 2607 Enterprise Road in Orange City, Saxon Crossings Shopping Center was built in two phases in 2008 and 2012. The center is anchored by LA Fitness and Hobby Lobby and is shadow-anchored by both a Target and Lowe’s (not included in the sale). Additional tenants included Jimmy John’s, Papa John’s Pizza, Woody’s BBQ and Mattress One.

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

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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