CBRE BROKERS SALE OF WEST MARINE MEGA FLAGSHIP STORE

Fort Lauderdale, FL – March 16, 2012 – (RealEstateRama) — Known as the ‘yachting capital of the world’ to enthusiasts, Fort Lauderdale is home to Cole Capital’s newly acquired West Marine mega flagship store. The 50,000-square-foot building was completed in 2011 for West Marine as a relocation for the chain’s top-performing store. CBRE marketed the trophy asset for sale and negotiated the transaction on behalf of the seller and developer, Stiles Corporation. Cole Capital purchased the property for $12.75 million.