Property Sales Total More Than $273 Million
Philadelphia, PA–July 12, 2016 – CBRE Group, Inc. (CBRE) is pleased to announce that Matthew Gorman and Michael Shover, both Senior Vice Presidents, Investment Properties at CBRE, have brokered the sales of eighty properties since January 1, 2016, totaling $273,346,849.The eighty properties, most classified as “net lease”, were a mix of restaurants, convenience store/gas stations, discount stores, auto parts, bank branches and drug stores, spanning across twenty-three states, including seventeen transactions in Pennsylvania and four in New Jersey.
“Since moving over to CBRE in January of 2015 we have focused on growing our business and bolstering our capabilities so we can handle more opportunities and it’s paying off on the production side,” said Shover. “It’s a favorable market coupled with a lot of hard work which has resulted in our best start ever in 2016,” added Gorman. “The plan is to continue to deliver best-in-market results for our existing clients and work to develop new relationships along the way.”
Matthew Gorman and Michael Shover lead CBRE’s net-lease team, specializing in the marketing and sale of single and multi-tenant net-lease investment real estate. In their ten-year history, the team has sold more than $1 billion in net lease properties nationwide.
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.
