Friday, December 19, 2008

The Easton Group Closes on Sale-Leaseback of 120,000 sq ft Warehouse in Broward County, FL

DORAL, FL--The Easton Group, a full-service commercial real estate firm based in Doral, FL, has purchased a 120,000 square foot warehouse located in Deerfield Beach.

The building, located at 2900 Southwest 15th Street, was built in 2003 on 8.84 acres.

The Easton Group, through its partnerships bought the warehouse from Graebel/South Florida Movers, Inc. for $9.6 million ($81 per sq ft) and leased it back to them.

Financing was provided by State Farm Life Insurance Company.

“Even in these times of tight credit, we still have the ability to secure financing on real estate deals that make sense,” said Edward W. Easton, (top right photo) founder and chairman of The Easton Group.

About The Easton Group:
The Easton Group is a family-owned, boutique commercial real estate firm with over 30 years of experience and an exceptional track record.

The group is broken down into four business units consisting of commercial real estate investment, development, brokerage, and property management.

The company currently has more than 5 million square feet under management. The Easton Group is headquartered at International Corporate Park in Doral.

For more information, please log on to http://www.theeastongroup.com/
Contact: Todd Templin, 954 370-8999, Boardroom Communications, http://www.boardroompr.com/

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