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CBRE to sell Federated center.


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.  (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) 
) has been named the exclusive sales agent by Federated Connected and treated as one. See federated database and federated directories.  Department Stores for a 55,000 s/f distribution center located at 77 Amity Street in Jersey City, New Jersey.

CB Richard Ellis senior vice president William Waxman, vice president Nick Nitti, and senior associate Carrie Brown will manage this assignment.

This unique industrial property offers the rare opportunity to buy an existing facility with excess land. Asset features include close proximity to New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 and a cross-dock facility. This surplus facility is a result of the recent merger between Federated Department Stores and The May Department Stores The May Department Stores Company was a department store chain founded in 1877 by David May in Leadville, Colorado. Its headquarters moved to St. Louis, Missouri in 1905, and the company went public in 1911.  Company.

"We have already experienced a tremendous amount of interest in this property," commented Waxman. "Our team has represented over four million square feet of industrial property nationally on behalf of Federated Department Stores and we look forward to another successful transaction with them."
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Title Annotation:NEW JERSEY
Publication:Real Estate Weekly
Date:Sep 27, 2006
Words:146
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