CBRE’S NATIONAL SELF-STORAGE ADVISORY GROUP CLOSES ON NASHVILLE PORTFOLIO

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    amanda.piatt@cbre.com Bridgette Bonner +1 404 504 5961 Bridgette.bonner@cbre.com

    CBRE’S NATIONAL SELF-STORAGE ADVISORY GROUP CLOSES ON NASHVILLE PORTFOLIO

    [caption id="attachment_9138" align="alignright" width="300"]Campbell Station Self Storage Campbell Station Self Storage[/caption] Nashville– February 20, 2015 – CBRE’s Ashley Compton, First Vice President of the Self Storage Advisory Group, has facilitated the sale of a Class A, self-storage portfolio totaling 206,260 rentable square feet in the Nashville metro area. The portfolio’s asking price was just over $16 million and included assets in three desirable submarkets. Mt. Juliet’s Quarry Loop offers a 69,725-sq.ft. facility; Lebanon’s Maddox Simpson includes 59,700 square feet; and Spring Hill’s Campbell Station brought 76,835 square feet to market. [caption id="attachment_9139" align="alignleft" width="300"]Maddox Simpson Maddox Simpson[/caption] “This was a rare offering as being able to purchase this amount of superior self-storage square footage in Nashville in one deal doesn’t happen very often,” said Compton. The strength of the submarkets where each facility is located was also a desirable selling point. According to CBRE Research, all markets have shown significant and steady signs of economic growth over the past year boasting 4,000 new jobs coming to these areas alone. [caption id="attachment_9140" align="alignright" width="300"]Quarry Loop Quarry Loop[/caption] Compton represented the owner on the sale, a private investor out of New York. Simply Self Storage, a national operator based in Orlando, acquired the portfolio.
    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 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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.
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