EDGE PRINCIPAL ADVISORS AND PENN-FLORIDA FORM JOINT VENTURE TO ACQUIRE EAST TAMPA OFFICE BUILDNGS

Tampa Bay, FL – April 27, 2011 – (RealEstateRama) — Two East Tampa office buildings have been purchased by a new partnership between Penn-Florida Companies and Edge Principal Advisors, LLC. The new venture took ownership of Lakeview Center, a 187,500-square-foot office campus, and Eastpointe, an 85,063-square-foot office building, on March 25, 2011. The two buildings are conveniently located immediately off of I-4 on MLK Boulevard. The partnership made the strategic purchase to aggressively re-introduce the assets into the market. Over 50% of the rentable space had been occupied by Bank of America for the past seven years and is now available


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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

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Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627

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