CBRE’s National Retail Investment Group arranged the combined sale of Lakeside Centre, a 160,697-square-foot community shopping center, and the adjacent 97-room Holiday Inn Express in Boca Raton, Florida. The properties at 8144 Glades Road were acquired by an affiliate of EDENS, a Columbia, South Carolina-based owner and developer of retail properties in major markets nationally, including several prominent shopping centers across South Florida. CBRE represented the seller, an affiliate of Ocean Properties, whose primary business is hotel ownership and development across North America.

“At the heart of a dense, infill and upper-middle income trade area, Lakeside Centre offers its new owners significant upside through a combination of re-tenanting, outparcel creation, and market-to-market opportunities. EDENS performed exceptionally well on a tight timeframe and we congratulate them on this acquisition,” said CBRE Executive Vice President Dennis Carson.

Anchored by Marshalls, Homegoods and Off Broadway Shoes, Lakeside Centre and its companion hotel property are located at the juncture of Florida’s Turnpike and Glades Road.

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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.