CBRE anchoring leasing for Lighthouse portfolio.CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. has been named the exclusive leasing agent for a collection of 25 warehouse and flex space Flex space is a term used for lightly zoned buildings. It is mainly used when referring to industrial or office space. History Flex space evolved from light industrial warehouses being converted to office space. assets located throughout the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. , totaling 1.98 million square feet. The portfolio was recently acquired by an affiliate of Lighthouse Real Estate Ventures, Inc. and offers more than 265,000 s/f of prime space available for either immediate occupancy or coming to the market Summer 2008. William Cuddy cud·dy 1 n. pl. cud·dies 1. Nautical A small cabin or the cook's galley on a ship. 2. A small room, cupboard, or closet. [Origin unknown. and Kevin Langtry of CB Richard Ellis' Stamford, CT office will oversee the marketing of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of region properties on behalf of the ownership; while Scan Cahill and Susanne Dengenis of the Stamford, Conn. office, along with Matthew O'Hare of the New Haven New Haven, city (1990 pop. 130,474), New Haven co., S Conn., a port of entry where the Quinnipiac and other small rivers enter Long Island Sound; inc. 1784. Firearms and ammunition, clocks and watches, tools, rubber and paper products, and textiles are among the many , Conn. office will spearhead the marketing campaign of the Connecticut assets. In addition, Thomas Mallaney of the Saddle Brook, N.J. office has been assigned to oversee the leasing of all the New Jersey properties. The geographically diverse portfolio, totaling nearly 2 million square feet consists of 25 properties, most situated within corporate campus settings. Previously owned by Baker Properties, CB Richard Ellis recently arranged a $209 million sale of all the assets to an affiliate of Lighthouse. The assets include five properties totaling 449,600 s/f in Morris Plains, NJ; 10 buildings totaling 587,637 s/f located in corporate parks throughout Elmsford and Port Chester, NY; and 10 properties totaling 838,436 s/f in Fairfield and New Haven Counties, CT, including five properties in an Interstate 95 corporate campus in Orange, CT. Out of the entire portfolio, five properties offer immediate occupancy, while four will be ready for occupancy this summer. |
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