HOUSTON – August 4, 2016 – CBRE announces a land sale of 188 acres near the intersection of State Highway 225 and Beltway 8 in Pasadena, Texas.
The buyer, a leading energy infrastructure company, plans to use the acreage located at 3503 Pasadena Freeway in Pasadena, Texas, to build a marine terminal that will improve its vessel and barge access at the Houston Ship Channel.
CBRE’s Patrick Rollins represented the buyer in the land purchase. The seller was represented by Cushman and Wakefield.
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 and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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 website at www.cbre.com.