CBRE ORLANDO SELLS 60-BULK CONDO COMMUNITY TO CHINA INVESTOR

Orlando – February 28, 2013 – (RealEstateRama) — February 28, 2013 – CBRE is pleased to announce the sale of Palisades Condominiums located at 14200 Avalon Road in Winter Garden, Florida. The 60-unit community sold for $4.8 million. Shelton Granade, Luke Wickham, and Justin Basquill of CBRE’s Orlando office exclusively represented the seller in the transaction. The buyer was a private equity firm from Beijing, China