Three properties total $5.7M
Philadelphia, PA–March 11, 2016— CBRE Group, Inc. (CBRE) is pleased to announce that the team of Matthew Gorman and Michael Shover have brokered the sales of three Sheetz properties in the month of February, totaling $5,700,000.The three Sheetz are located in Altoona, Pennsylvania (6,500 SF), Ebensburg, Pennsylvania (4,997 SF) and Burlington, North Carolina (4,200 SF). CBRE represented the seller in all three properties, as well as the buyer of the Burlington location.
“Our clients have trusted us to achieve leading-edge market cap rates on Sheetz backed real estate for over ten years,” said Gorman. “Through our national marketing strategy, we continue to experience tremendous success selling net-lease convenience stores with public and private tenants alike” added Shover.
To date, Gorman and Shover have sold more Sheetz properties than any other brokers in the country, including eighteen since 2011.
Matthew Gorman and Michael Shover (NLPG Philadelphia) lead CBRE’s Mid-Atlantic 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.
