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CBRE ARRANGES $17.45 MILLION SALE OF LAKEVIEW INDUSTRIAL PARK NEAR FORT LAUDERDALE AIRPORT

Fort Lauderdale, FL – June 5, 2013 – (RealEstateRama) — CBRE arranged the sale of Lakeview Industrial Park, a seven-building, 210,350-square-foot industrial complex at 2201 Stirling Road in Dania Beach, FL. Industrial Income Trust acquired the asset for $17,450,000, or $83 PSF. CBRE’s Capital Markets Institutional Group represented the seller, an affiliate of Morgan Stanley Real Estate Investing, which owned the property for 26 years.