CBRE group works Commerce Center sale.Jeffrey Dunne and David Gavin of CBRE's 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 Tri-State Region Institutional Group collaborated with Ginger Gelsheimer and Rick Klepal of CBRE's Tampa office to successfully negotiate the sale of Sarasota Commerce Center I in Sarasota, Florida.
The property was sold by DA Commerce Center LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , an affiliate of Denholtz Associates, to Osprey osprey (ŏs`prē), common name for a bird of prey related to the hawk and the New World vulture and found near water in most parts of the world. SA.
This Class A building benefits from its full-height window line, abundant parking, close proximity to Sarasota's CBD (Component Based Development) Building applications with components (objects). See component software.
CBD - component based development . At the time of sale, Sarasota Commerce Center I was 73% occupied with 100% of this space occupied by credit tenants including Computer Sciences Corporation (32,474 SF) and Blue Cross Blue Shield of Florida (8,598 s/f).
"Having achieved all of their investment objectives, this sale transaction will enable the sellers to redeploy their financial resources into additional acquisitions in the local region," commented Dunne. "Sarasota Commerce Center I additionally provided the new owners with significant upside potential."
Among its most recent deals, the CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) group sold Edgewater Commons in New Jersey for $134 million; Verizon Portfolio for $155 million; Franklin Avenue Plaza in Garden City for $98.7 million.