CBRE CAPITAL MARKETS ARRANGES $20.6 MILLION LOAN FOR ACQUISITION OF 2200 WEST LOOP SOUTH

February 22, 2012

by CBRE

Houston, TX – February 22, 2012 – (RealEstateRama) — CBRE Capital Markets in Miami partnered with Dallas to arrange $20.6 million in acquisition financing for 2200 West Loop South in Houston, Texas. CBRE Vice Chairman Charles Foschini in Miami was joined by Senior Vice President Greg Greene in representing the borrower, Parmenter Realty Partners. The loan closed less than 30 days from the date of application, beginning January 5th and closing January 31st. Terms of the loan are confidential.

2200 West Loop South is a Class A office complex with over 200,000 rentable square feet. Built in 1974, the property was extensively renovated in 2000 and 2008. Major tenants include Tenaris, Morgan Stanley, and Tecpetrol.

Foschini was also joined by Christopher Apone and Christian Lee of the Capital Markets team in CBRE’s Miami office. CBRE secured the loan through JP Morgan.

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